ValuEngine Downgrades IAC/InterActiveCorp (IAC) to Sell

IAC/InterActiveCorp (NASDAQ:IAC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other research firms also recently commented on IAC. BidaskClub downgraded IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 21st. Piper Jaffray Companies increased their target price on IAC/InterActiveCorp to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Bank of America reiterated a “buy” rating and issued a $150.00 target price (up from $133.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, October 10th. TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research report on Thursday, August 3rd. Finally, Oppenheimer restated an “outperform” rating and set a $127.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $141.40.

IAC/InterActiveCorp (NASDAQ IAC) traded down $2.98 during trading on Friday, reaching $124.29. The company’s stock had a trading volume of 1,025,722 shares, compared to its average volume of 1,256,926. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $10,189.79, a P/E ratio of 99.43, a PEG ratio of 27.37 and a beta of 1.10. IAC/InterActiveCorp has a 1 year low of $64.50 and a 1 year high of $137.86.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. equities research analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current year.

In related news, Director David S. Rosenblatt sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $133.00, for a total transaction of $798,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Levin sold 78,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total value of $10,113,155.00. The disclosure for this sale can be found here. Company insiders own 10.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC acquired a new stake in IAC/InterActiveCorp in the third quarter valued at approximately $105,000. ClariVest Asset Management LLC acquired a new stake in IAC/InterActiveCorp in the second quarter valued at approximately $133,000. FNY Partners Fund LP acquired a new stake in IAC/InterActiveCorp in the second quarter valued at approximately $152,000. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp in the second quarter valued at approximately $193,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in IAC/InterActiveCorp in the second quarter valued at approximately $205,000. 86.74% of the stock is owned by institutional investors and hedge funds.

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About IAC/InterActiveCorp

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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