IAC/InterActiveCorp (IAC) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a hold rating to a buy rating and set a $140.00 target price for the company in a research note on Monday, October 23rd. Goldman Sachs Group restated a buy rating and issued a $150.00 price objective on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Wells Fargo & Company restated a buy rating and issued a $150.00 price objective (up previously from $125.00) on shares of IAC/InterActiveCorp in a research note on Thursday, October 19th. Barclays increased their price objective on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company an overweight rating in a research note on Monday, October 23rd. Finally, Oppenheimer restated a buy rating and issued a $141.00 price objective on shares of IAC/InterActiveCorp in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $142.76.

IAC/InterActiveCorp (NASDAQ IAC) traded down $0.03 during trading hours on Friday, reaching $126.97. 485,686 shares of the company traded hands, compared to its average volume of 1,107,351. The firm has a market cap of $10,411.97, a PE ratio of 32.06, a P/E/G ratio of 27.96 and a beta of 1.09. IAC/InterActiveCorp has a 1 year low of $64.69 and a 1 year high of $137.86. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The company had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. research analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.

In other news, Director Edgar Bronfman, Jr. sold 2,289 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total value of $281,409.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark J. Stein sold 26,887 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $126.68, for a total transaction of $3,406,045.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,676 shares of company stock worth $14,598,610. 10.60% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $2,364,000. Leucadia National Corp bought a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $4,646,000. Columbus Circle Investors grew its holdings in IAC/InterActiveCorp by 6.6% during the 3rd quarter. Columbus Circle Investors now owns 237,228 shares of the company’s stock worth $27,893,000 after acquiring an additional 14,647 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $3,806,000. Finally, EastBay Asset Management LLC bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $5,165,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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