IAC/InterActiveCorp (NASDAQ:IAC) had its price objective upped by equities researchers at BMO Capital Markets from $287.00 to $291.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 31.57% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Aegis reaffirmed a “buy” rating and issued a $250.00 price objective on shares of IAC/InterActiveCorp in a report on Thursday, November 22nd. ValuEngine downgraded shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 20th. BidaskClub raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Friday, December 28th. SunTrust Banks assumed coverage on shares of IAC/InterActiveCorp in a report on Tuesday, December 18th. They issued a “buy” rating and a $237.00 price objective for the company. Finally, Bank of America reduced their price target on shares of IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. IAC/InterActiveCorp has a consensus rating of “Buy” and an average price target of $235.54.
IAC stock traded up $5.21 during midday trading on Monday, reaching $221.17. 39,750 shares of the company’s stock traded hands, compared to its average volume of 775,773. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. IAC/InterActiveCorp has a fifty-two week low of $128.80 and a fifty-two week high of $223.54.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Thursday, February 7th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $1.05. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.53%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that IAC/InterActiveCorp will post 4.85 EPS for the current fiscal year.
In related news, CFO Glenn Schiffman sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $178.91, for a total value of $178,910.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 4,000 shares of company stock worth $796,530 in the last 90 days. Company insiders own 10.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley raised its position in shares of IAC/InterActiveCorp by 153.4% during the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after purchasing an additional 890,730 shares during the period. FMR LLC raised its position in shares of IAC/InterActiveCorp by 118.6% during the third quarter. FMR LLC now owns 1,423,857 shares of the company’s stock worth $308,578,000 after purchasing an additional 772,398 shares during the period. BlackRock Inc. raised its position in shares of IAC/InterActiveCorp by 16.8% during the fourth quarter. BlackRock Inc. now owns 5,259,290 shares of the company’s stock worth $962,663,000 after purchasing an additional 756,555 shares during the period. Senator Investment Group LP acquired a new stake in shares of IAC/InterActiveCorp during the third quarter worth about $92,106,000. Finally, Eagle Asset Management Inc. raised its position in shares of IAC/InterActiveCorp by 1,349.2% during the third quarter. Eagle Asset Management Inc. now owns 364,843 shares of the company’s stock worth $79,068,000 after purchasing an additional 339,668 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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