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.
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.
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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