IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reissued by research analysts at Citigroup in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a $168.00 price objective on the stock. Citigroup’s price objective suggests a potential upside of 12.19% from the company’s current price.
IAC has been the topic of a number of other reports. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Needham & Company LLC boosted their target price on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research raised IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine lowered IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Credit Suisse Group reissued a “buy” rating and set a $151.00 target price on shares of IAC/InterActiveCorp in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $153.18.
IAC/InterActiveCorp (NASDAQ IAC) opened at $149.74 on Friday. The firm has a market capitalization of $11,785.20, a P/E ratio of 179.69, a price-to-earnings-growth ratio of 4.41 and a beta of 1.38. IAC/InterActiveCorp has a 1 year low of $72.00 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.07.
Several large investors have recently added to or reduced their stakes in IAC. Fieldpoint Private Securities LLC bought a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at $105,000. Cerebellum GP LLC bought a new stake in shares of IAC/InterActiveCorp during the 4th quarter valued at $124,000. LS Investment Advisors LLC bought a new stake in shares of IAC/InterActiveCorp during the 4th quarter valued at $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of IAC/InterActiveCorp during the 4th quarter valued at $147,000. Finally, American International Group Inc. bought a new stake in shares of IAC/InterActiveCorp during the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
IAC/InterActiveCorp Company Profile
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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