IAC/InterActiveCorp (NASDAQ:IAC) had its price objective upped by investment analysts at Credit Suisse Group from $151.00 to $171.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 21.85% from the company’s previous close.
A number of other brokerages have also recently commented on IAC. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Wells Fargo & Co restated an “outperform” rating and set a $168.00 price target (up previously from $150.00) on shares of IAC/InterActiveCorp in a research note on Monday, January 8th. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Piper Jaffray Companies restated an “overweight” rating and set a $197.00 price target (up previously from $191.00) on shares of IAC/InterActiveCorp in a research note on Monday, February 5th. Finally, Guggenheim restated a “buy” rating and set a $150.00 price target on shares of IAC/InterActiveCorp in a research note on Friday, December 22nd. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. IAC/InterActiveCorp has an average rating of “Buy” and a consensus target price of $153.50.
Shares of IAC/InterActiveCorp (IAC) traded up $3.15 on Friday, reaching $140.34. 1,071,600 shares of the company’s stock were exchanged, compared to its average volume of 799,718. The company has a market capitalization of $11,247.39, a PE ratio of 44.55, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 1 year low of $72.00 and a 1 year high of $150.59.
Hedge funds have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC bought a new position in IAC/InterActiveCorp in the 3rd quarter worth approximately $105,000. Cerebellum GP LLC bought a new position in IAC/InterActiveCorp in the 4th quarter worth approximately $124,000. LS Investment Advisors LLC bought a new position in IAC/InterActiveCorp in the 4th quarter worth approximately $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in IAC/InterActiveCorp in the 4th quarter worth approximately $147,000. Finally, American International Group Inc. bought a new position in IAC/InterActiveCorp in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
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.
Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.