BMO Capital Markets Increases IAC/InterActiveCorp (IAC) Price Target to $282.00

IAC/InterActiveCorp (NASDAQ:IAC) had its price objective increased by BMO Capital Markets to $282.00 in a research report report published on Friday, The Fly reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a buy rating to a hold rating in a research note on Friday. BidaskClub downgraded shares of IAC/InterActiveCorp from a buy rating to a hold rating in a report on Thursday. Nomura started coverage on shares of IAC/InterActiveCorp in a report on Thursday, October 11th. They set a buy rating and a $246.00 price objective on the stock. Benchmark restated a buy rating and set a $260.00 price objective (up previously from $204.00) on shares of IAC/InterActiveCorp in a report on Thursday, October 11th. Finally, Jefferies Financial Group upped their price objective on shares of IAC/InterActiveCorp from $240.00 to $260.00 and gave the stock a buy rating in a report on Thursday, October 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. IAC/InterActiveCorp presently has an average rating of Buy and an average price target of $216.89.

NASDAQ IAC traded up $0.24 on Friday, hitting $186.55. 1,856,447 shares of the company were exchanged, compared to its average volume of 910,872. The firm has a market cap of $15.41 billion, a PE ratio of 242.27, a P/E/G ratio of 2.32 and a beta of 1.35. IAC/InterActiveCorp has a 12 month low of $118.83 and a 12 month high of $223.54. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.61.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.46. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 16.15%. IAC/InterActiveCorp’s revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, equities analysts predict that IAC/InterActiveCorp will post 5.33 earnings per share for the current year.

In other news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $217.22, for a total value of $434,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $131,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at about $107,000. MML Investors Services LLC purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $215,000. Allen Investment Management LLC purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $225,000. Finally, Pitcairn Co. purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $226,000. Institutional investors own 86.13% of the company’s stock.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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