IAC/InterActiveCorp (IAC) Stock Rating Reaffirmed by Wells Fargo & Co

Wells Fargo & Co reissued their outperform rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note published on Monday, The Fly reports. The brokerage currently has a $168.00 target price on the stock, up from their previous target price of $150.00.

A number of other equities research analysts have also issued reports on the stock. BidaskClub raised shares of IAC/InterActiveCorp from a hold rating to a buy rating in a report on Saturday, January 6th. Guggenheim reaffirmed a buy rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a research report on Friday, December 22nd. Zacks Investment Research cut shares of IAC/InterActiveCorp from a hold rating to a strong sell rating in a research report on Tuesday, December 19th. Evercore ISI assumed coverage on shares of IAC/InterActiveCorp in a research report on Tuesday, December 5th. They issued an outperform rating and a $155.00 target price on the stock. Finally, ValuEngine cut shares of IAC/InterActiveCorp from a hold rating to a sell rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $143.62.

Shares of IAC/InterActiveCorp (IAC) traded down $1.44 on Monday, hitting $132.10. 629,400 shares of the company were exchanged, compared to its average volume of 712,257. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. IAC/InterActiveCorp has a 12-month low of $66.35 and a 12-month high of $137.86. The stock has a market capitalization of $10,950.00, a price-to-earnings ratio of 29.62, a P/E/G ratio of 4.27 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities 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 stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $133.00, for a total transaction of $798,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total transaction of $281,409.66. The disclosure for this sale can be found here. Insiders have sold 175,929 shares of company stock worth $22,516,569 in the last three months. Corporate insiders own 11.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of IAC. Raymond James Financial Services Advisors Inc. raised its holdings in IAC/InterActiveCorp by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock valued at $689,000 after acquiring an additional 25 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in IAC/InterActiveCorp by 1.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after acquiring an additional 104 shares in the last quarter. Voya Investment Management LLC raised its holdings in IAC/InterActiveCorp by 0.6% in the second quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock valued at $2,778,000 after acquiring an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in IAC/InterActiveCorp by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,618 shares of the company’s stock valued at $270,000 after acquiring an additional 216 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in IAC/InterActiveCorp by 16.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock valued at $271,000 after acquiring an additional 370 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.com-unik.info/2018/01/11/iacinteractivecorp-iac-stock-rating-reaffirmed-by-wells-fargo-co.html.

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.

The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

What are top analysts saying about IAC/InterActiveCorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for IAC/InterActiveCorp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit