IAC/InterActiveCorp (IAC) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for IAC/InterActiveCorp (NASDAQ: IAC):

  • 2/12/2018 – IAC/InterActiveCorp had its price target raised by analysts at BMO Capital Markets from $172.00 to $193.00. They now have an “outperform” rating on the stock.
  • 2/11/2018 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $176.00 price target on the stock.
  • 2/10/2018 – IAC/InterActiveCorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $151.00 price target on the stock. According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “
  • 2/9/2018 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Needham & Company LLC.
  • 2/9/2018 – IAC/InterActiveCorp had its price target raised by analysts at Bank of America Corp from $166.00 to $180.00. They now have a “buy” rating on the stock.
  • 2/9/2018 – IAC/InterActiveCorp had its price target raised by analysts at Piper Jaffray Companies from $191.00 to $197.00. They now have an “overweight” rating on the stock.
  • 2/9/2018 – IAC/InterActiveCorp was given a new $171.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 2/9/2018 – IAC/InterActiveCorp had its “outperform” rating reaffirmed by analysts at Citigroup Inc. They now have a $175.00 price target on the stock, up previously from $15.00.
  • 2/8/2018 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $168.00 price target on the stock. They wrote, “We continue to believe IAC shares offer compelling risk/reward for investors. Our current target price of $168 is based on our sum-of-the-parts model. $ 2017A 2018E 2019E CASH EPS Curr. Prior Curr. Prior Q1 (Mar.) 0.29 0.83 NC NE Q2 (June) 0.74 1.45 NC NE Q3 (Sep.) 0.55 1.65 NC NE Q4 (Dec.) 1.40 1.84 NC NE FY 2.99 5.76 NC NE CY 2.99 5.76 NE FY P/E 48.6x 25.2x NM Rev.(MM) 3,307 3,930 NE Source: Company Data, Wells Fargo Securities, LLC estimates, and Reuters NA = Not Available, NC = No Change, NE = No Estimate, NM = Not Meaningful V = Volatile, = Company is on the Priority Stock List Cash EPS exludes stock base comp Ticker IAC Price Target/Prior: $168/NC Price (02/07/2018) $145.35 52-Week Range: $72-147 Shares Outstanding: (MM) 84.5 Market Cap.: (MM) $12,282.1 S&P 500: 2,681.66 Avg. Daily Vol.: 676,540 Dividend/Yield: $0.00/0.0% LT Debt: (MM) $1,649.3 LT Debt/Total Cap.: 40.0% ROE: NE 3-5 Yr. Est. Growth Rate: 5.0% CY 2018 Est. P/C.””
  • 2/6/2018 – IAC/InterActiveCorp had its price target raised by analysts at BMO Capital Markets from $160.00 to $172.00. They now have an “outperform” rating on the stock.
  • 2/5/2018 – IAC/InterActiveCorp had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $197.00 price target on the stock, up previously from $191.00. They wrote, “FEYE reported strong 4Q17 results exceeding on revenue, EPS, billings and cash flow metrics. The strong performance was driven by 1) improved execution across all product lines and geographies (EMEA shined), 2) FEYE’s Helix platform experiencing strong traction with 116 new customers booked during 4Q (double its 3Q count) as the platform’s automation capabilities resonate well with customers and 3) FEYE’s end-point solutions finding a ripe adoption environment as its Enterprise Protection Platform (EPP) covers not only Windows but iOS and Android operating systems as well. FEYE’s elevated FY18 outlook (~10% YoY revenue growth) is supported by improved billings levels and we believe the company remains well positioned as FY18 unfolds. We are adjusting our estimates higher while reiterating our Outperform and $22 PT.””
  • 2/3/2018 – IAC/InterActiveCorp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 2/2/2018 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $180.00 price target on the stock.
  • 2/2/2018 – IAC/InterActiveCorp is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $175.00 price target on the stock.
  • 1/10/2018 – IAC/InterActiveCorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/10/2018 – IAC/InterActiveCorp was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “
  • 1/9/2018 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $151.00 price target on the stock.
  • 1/8/2018 – IAC/InterActiveCorp had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $168.00 price target on the stock, up previously from $150.00.
  • 1/6/2018 – IAC/InterActiveCorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/30/2017 – IAC/InterActiveCorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/22/2017 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $150.00 price target on the stock.
  • 12/22/2017 – IAC/InterActiveCorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/19/2017 – IAC/InterActiveCorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “

Shares of IAC/InterActiveCorp (NASDAQ IAC) opened at $140.34 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $11,510.00, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38. IAC/InterActiveCorp has a one year low of $72.00 and a one year high of $150.59.

In other news, Director David S. Rosenblatt sold 6,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $133.00, for a total transaction of $798,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Levin sold 78,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,929 shares of company stock valued at $22,516,569. Insiders own 11.30% 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.

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