IAC/InterActiveCorp (NASDAQ:IAC) had its price objective boosted by equities research analysts at Jefferies Financial Group to $260.00 in a report released on Monday, The Fly reports. Jefferies Financial Group’s target price would suggest a potential upside of 17.30% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on IAC/InterActiveCorp from $287.00 to $291.00 and gave the stock an “outperform” rating in a report on Monday. Oppenheimer increased their target price on IAC/InterActiveCorp from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday. Nomura increased their target price on IAC/InterActiveCorp from $206.00 to $239.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. increased their target price on IAC/InterActiveCorp to $250.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Goldman Sachs Group assumed coverage on IAC/InterActiveCorp in a research note on Monday, February 4th. They set a “neutral” rating and a $226.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $235.54.
Shares of IAC stock traded up $5.69 on Monday, reaching $221.65. The company had a trading volume of 1,102,090 shares, compared to its average volume of 775,773. IAC/InterActiveCorp has a one year low of $128.80 and a one year high of $223.54. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $18.03 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Thursday, February 7th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $1.05. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.53% and a net margin of 14.71%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, equities analysts predict that IAC/InterActiveCorp will post 4.85 EPS for the current fiscal year.
In related news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $208.81, for a total value of $417,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 4,000 shares of company stock valued at $796,530 in the last ninety days. 10.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAC. Eagle Asset Management Inc. increased its stake in IAC/InterActiveCorp by 6.3% during the 4th quarter. Eagle Asset Management Inc. now owns 387,655 shares of the company’s stock worth $70,956,000 after buying an additional 22,812 shares in the last quarter. Private Advisor Group LLC purchased a new stake in IAC/InterActiveCorp during the 4th quarter worth approximately $221,000. Ffcm LLC increased its stake in IAC/InterActiveCorp by 2,465.9% during the 4th quarter. Ffcm LLC now owns 3,464 shares of the company’s stock worth $634,000 after buying an additional 3,329 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in IAC/InterActiveCorp by 38.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 189,614 shares of the company’s stock worth $34,707,000 after buying an additional 52,292 shares in the last quarter. Finally, BlackRock Inc. increased its stake in IAC/InterActiveCorp by 16.8% during the 4th quarter. BlackRock Inc. now owns 5,259,290 shares of the company’s stock worth $962,663,000 after buying an additional 756,555 shares in the last quarter. 88.67% of the stock is owned by institutional investors.
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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