Citigroup Inc. reiterated their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note issued to investors on Monday. They currently have a $142.00 target price on the stock, up from their previous target price of $130.00.
A number of other equities analysts have also weighed in on IAC. Susquehanna Bancshares Inc reiterated a positive rating and issued a $140.00 price target (up previously from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Piper Jaffray Companies reiterated an overweight rating and issued a $160.00 price target (up previously from $152.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a buy rating and issued a $135.00 price objective (up from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Needham & Company LLC reissued a buy rating and issued a $130.00 price objective (up from $110.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded IAC/InterActiveCorp from a hold rating to a sell rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $125.56.
IAC/InterActiveCorp (IAC) opened at 124.81 on Monday. The company has a 50-day moving average of $115.79 and a 200 day moving average of $102.16. The firm has a market cap of $9.95 billion, a P/E ratio of 44.61 and a beta of 1.14. IAC/InterActiveCorp has a 52 week low of $60.39 and a 52 week high of $126.38.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. During the same quarter last year, the company posted $0.42 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts predict that IAC/InterActiveCorp will post $3.07 earnings per share for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Oak Associates Ltd. OH raised its stake in shares of IAC/InterActiveCorp by 7.0% during the 2nd quarter. Oak Associates Ltd. OH now owns 183,473 shares of the company’s stock worth $18,942,000 after purchasing an additional 12,050 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of IAC/InterActiveCorp by 1.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock worth $581,000 after purchasing an additional 104 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of IAC/InterActiveCorp by 8.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,257 shares of the company’s stock worth $3,020,000 after purchasing an additional 2,161 shares in the last quarter. Koch Industries Inc. raised its stake in shares of IAC/InterActiveCorp by 5,988.8% during the 2nd quarter. Koch Industries Inc. now owns 325,020 shares of the company’s stock worth $322,000 after purchasing an additional 319,682 shares in the last quarter. Finally, EastBay Asset Management LLC purchased a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth about $5,165,000. 85.19% of the stock is owned by institutional investors.
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.
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