Shares of IAC/InterActiveCorp (NASDAQ:IAC) have received an average rating of “Buy” from the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $131.95.
Several brokerages recently issued reports on IAC. Barclays PLC reiterated an “overweight” rating and issued a $130.00 price target (up from $105.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Piper Jaffray Companies increased their price target on shares of IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Aegis reiterated a “buy” rating and issued a $125.00 price target (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at about $2,364,000. Leucadia National Corp purchased a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at about $4,646,000. Renaissance Technologies LLC boosted its holdings in shares of IAC/InterActiveCorp by 282.3% during the 1st quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock valued at $12,881,000 after acquiring an additional 129,027 shares during the last quarter. Janus Capital Management LLC boosted its holdings in shares of IAC/InterActiveCorp by 539.0% during the 1st quarter. Janus Capital Management LLC now owns 26,201 shares of the company’s stock valued at $1,931,000 after acquiring an additional 22,101 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at about $1,312,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
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IAC/InterActiveCorp (IAC) traded up 1.43% during midday trading on Thursday, hitting $129.05. 791,528 shares of the stock traded hands. The stock has a market capitalization of $10.29 billion, a P/E ratio of 46.12 and a beta of 1.14. IAC/InterActiveCorp has a 52 week low of $60.39 and a 52 week high of $129.28. The stock’s 50-day moving average price is $120.52 and its 200-day moving average price is $106.94.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.24. The company had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a net margin of 10.50% and a return on equity of 13.94%. IAC/InterActiveCorp’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Equities research analysts expect that IAC/InterActiveCorp will post $3.08 EPS for the current fiscal year.
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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