IAC/InterActiveCorp (NASDAQ:IAC) had its price target hoisted by analysts at BMO Capital Markets from $160.00 to $172.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 21.23% from the stock’s current price.
A number of other research analysts also recently issued reports on IAC. Cowen restated a “buy” rating and set a $180.00 target price on shares of IAC/InterActiveCorp in a research report on Friday. BidaskClub upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. assumed coverage on shares of IAC/InterActiveCorp in a research report on Friday. They set an “overweight” rating and a $175.00 target price for the company. Piper Jaffray Companies restated a “buy” rating and set a $191.00 target price on shares of IAC/InterActiveCorp in a research report on Monday. Finally, UBS Group boosted their target price on shares of IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 10th. 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $148.14.
Shares of IAC/InterActiveCorp (IAC) traded up $1.64 on Tuesday, hitting $141.88. 693,936 shares of the stock were exchanged, compared to its average volume of 676,481. The stock has a market capitalization of $11,845.05, a price-to-earnings ratio of 35.83, a PEG ratio of 4.46 and a beta of 1.38. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 12-month low of $72.00 and a 12-month high of $146.90.
In related news, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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. In the last quarter, insiders sold 175,929 shares of company stock valued at $22,516,569. Insiders own 11.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in IAC/InterActiveCorp during the 4th quarter valued at about $1,281,000. Alps Advisors Inc. grew its stake in IAC/InterActiveCorp by 2.2% during the 4th quarter. Alps Advisors Inc. now owns 92,650 shares of the company’s stock valued at $11,329,000 after acquiring an additional 2,025 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in IAC/InterActiveCorp by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,229 shares of the company’s stock valued at $1,740,000 after acquiring an additional 445 shares in the last quarter. Gator Capital Management LLC purchased a new stake in IAC/InterActiveCorp during the 4th quarter valued at about $306,000. Finally, Aperio Group LLC grew its stake in IAC/InterActiveCorp by 16.8% during the 4th quarter. Aperio Group LLC now owns 31,589 shares of the company’s stock valued at $3,863,000 after acquiring an additional 4,552 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.
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IAC/InterActiveCorp Company Profile
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.
