IAC/InterActiveCorp (NASDAQ:IAC) PT Raised to $230.00

IAC/InterActiveCorp (NASDAQ:IAC) had its price objective hoisted by analysts at Deutsche Bank Aktiengesellschaft from $165.00 to $230.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.00% from the company’s current price.

Several other analysts also recently issued reports on IAC. Barclays lifted their price target on shares of IAC/InterActiveCorp from $145.00 to $163.00 in a research report on Monday, November 9th. Zacks Investment Research upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research report on Friday, January 8th. Credit Suisse Group boosted their price objective on IAC/InterActiveCorp from $199.00 to $208.00 in a report on Monday, November 9th. Wells Fargo & Company boosted their price objective on IAC/InterActiveCorp from $155.00 to $165.00 and gave the company a “positive” rating in a research report on Tuesday, November 10th. They noted that the move was a valuation call. Finally, Truist upped their target price on IAC/InterActiveCorp from $140.00 to $152.00 in a report on Monday, November 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 company. The company has a consensus rating of “Buy” and a consensus price target of $193.29.

Shares of IAC stock opened at $196.58 on Thursday. IAC/InterActiveCorp has a 12-month low of $100.22 and a 12-month high of $200.49. The firm has a 50-day moving average price of $166.50 and a 200 day moving average price of $139.49.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Thursday, November 5th. The company reported $2.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $2.59. The business had revenue of $788.38 million during the quarter, compared to the consensus estimate of $767.89 million. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 EPS. On average, equities research analysts expect that IAC/InterActiveCorp will post -3.32 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Column Capital Advisors LLC increased its stake in shares of IAC/InterActiveCorp by 1,135.3% in the third quarter. Column Capital Advisors LLC now owns 210 shares of the company’s stock valued at $25,000 after purchasing an additional 193 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $29,000. Eudaimonia Partners LLC increased its stake in shares of IAC/InterActiveCorp by 575.7% in the third quarter. Eudaimonia Partners LLC now owns 1,000 shares of the company’s stock valued at $29,000 after purchasing an additional 852 shares during the period. Paces Ferry Wealth Advisors LLC acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $29,000. Finally, Tompkins Financial Corp acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 6.06% of the company’s stock.

About IAC/InterActiveCorp

IAC/InterActiveCorp operates as a media and internet company worldwide. It operates various platforms, such as Ask.com that empowers people to find, learn, and explore answers from any device or location; Bluecrew, an on-demand platform for flexible W-2 work job seekers for sustainable and reliable employment that fits their schedules across a range of industries, including warehousing, logistics, e-commerce, events, delivery, and hospitality; Care.com, a leading platform for finding and managing family care; and Dotdash that help people to find answers and solve problems.

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