Equities analysts forecast that IAC/InterActiveCorp (NASDAQ:IAC) will post $879.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for IAC/InterActiveCorp’s earnings, with estimates ranging from $829.55 million to $899.00 million. IAC/InterActiveCorp posted sales of $811.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The company is expected to report its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that IAC/InterActiveCorp will report full year sales of $879.65 million for the current year, with estimates ranging from $3.17 billion to $3.26 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.83 billion per share, with estimates ranging from $3.56 billion to $3.93 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Zacks’ 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 return on equity of 4.26% and a net margin of 11.81%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS.

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on IAC/InterActiveCorp from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. BidaskClub downgraded IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Benchmark lifted their price target on IAC/InterActiveCorp from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Bank of America lifted their price target on IAC/InterActiveCorp from $150.00 to $166.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and an average target price of $142.05.

In other IAC/InterActiveCorp news, CEO Joseph Levin sold 78,500 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David S. Rosenblatt sold 6,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $133.00, for a total value of $798,000.00. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Cheyne Capital Management UK LLP acquired a new stake in IAC/InterActiveCorp during the 3rd quarter worth $418,000. Canada Pension Plan Investment Board raised its stake in shares of IAC/InterActiveCorp by 44.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock valued at $327,797,000 after purchasing an additional 975,000 shares during the period. Capital Research Global Investors acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $94,773,000. Steadfast Capital Management LP raised its stake in shares of IAC/InterActiveCorp by 56.3% in the 2nd quarter. Steadfast Capital Management LP now owns 2,411,372 shares of the company’s stock valued at $248,950,000 after purchasing an additional 868,790 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of IAC/InterActiveCorp by 359.0% in the 2nd quarter. Renaissance Technologies LLC now owns 802,027 shares of the company’s stock valued at $82,801,000 after purchasing an additional 627,300 shares during the period. 86.74% of the stock is currently owned by institutional investors.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded up $0.78 during trading on Wednesday, hitting $122.71. The stock had a trading volume of 652,100 shares, compared to its average volume of 769,922. The firm has a market capitalization of $9,996.31, a price-to-earnings ratio of 97.54, a PEG ratio of 26.85 and a beta of 1.09. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 12 month low of $64.69 and a 12 month high of $137.86.

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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.

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