IAC/InterActiveCorp (IAC) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a buy rating in a report published on Saturday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research upgraded IAC/InterActiveCorp from a hold rating to a buy rating and set a $140.00 price target for the company in a research report on Monday, October 23rd. Goldman Sachs Group reiterated a buy rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Wells Fargo & Co reiterated a buy rating and issued a $150.00 target price (up previously from $125.00) on shares of IAC/InterActiveCorp in a research note on Thursday, October 19th. Barclays increased their target price on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock an overweight rating in a research note on Monday, October 23rd. Finally, Oppenheimer reiterated a buy rating and issued a $141.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, November 9th. Two 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 currently has a consensus rating of Buy and a consensus target price of $143.62.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded up $0.90 on Friday, reaching $134.21. The company had a trading volume of 360,800 shares, compared to its average volume of 728,480. The company has a market capitalization of $10,960.00, a P/E ratio of 30.09, a PEG ratio of 4.27 and a beta of 1.09. IAC/InterActiveCorp has a 12 month low of $66.35 and a 12 month high of $137.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.07.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). The company had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. sell-side analysts anticipate that IAC/InterActiveCorp will post 0.55 EPS for the current year.

In other news, Director David S. Rosenblatt sold 6,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $133.00, for a total transaction of $798,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joseph Levin sold 78,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total value of $10,113,155.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,929 shares of company stock worth $22,516,569. Insiders own 11.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in IAC/InterActiveCorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after purchasing an additional 149,182 shares during the last quarter. Cheyne Capital Management UK LLP purchased a new position in IAC/InterActiveCorp in the third quarter valued at about $418,000. Canada Pension Plan Investment Board grew its stake in IAC/InterActiveCorp by 6.6% in the third quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock valued at $397,812,000 after purchasing an additional 208,227 shares during the last quarter. BlackRock Inc. grew its stake in IAC/InterActiveCorp by 2.6% in the second quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after purchasing an additional 83,794 shares during the last quarter. Finally, Boston Partners grew its stake in IAC/InterActiveCorp by 0.8% in the third quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after purchasing an additional 23,366 shares during the last quarter. Hedge funds and other institutional investors own 86.61% 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.

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