IAC/InterActiveCorp (IAC) Coverage Initiated by Analysts at Macquarie

Macquarie initiated coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating on the stock.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of IAC/InterActiveCorp to $240.00 and gave the company a buy rating in a research report on Tuesday, September 4th. Zacks Investment Research raised shares of IAC/InterActiveCorp from a hold rating to a buy rating and set a $239.00 price objective for the company in a report on Wednesday, September 26th. Wells Fargo & Co cut their price objective on shares of IAC/InterActiveCorp from $220.00 to $210.00 and set an outperform rating for the company in a report on Monday, November 12th. BidaskClub downgraded shares of IAC/InterActiveCorp from a buy rating to a hold rating in a report on Thursday, October 11th. Finally, BMO Capital Markets raised their price objective on shares of IAC/InterActiveCorp to $282.00 and gave the stock an outperform rating in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $222.25.

IAC/InterActiveCorp stock opened at $177.96 on Wednesday. IAC/InterActiveCorp has a twelve month low of $118.83 and a twelve month high of $223.54. The company has a market cap of $14.86 billion, a PE ratio of 231.12, a P/E/G ratio of 2.14 and a beta of 1.35. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.60.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.46. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 15.84%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $0.55 EPS. The company’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts expect that IAC/InterActiveCorp will post 5.55 EPS for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction on 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 through this hyperlink. 10.90% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. bought a new position in IAC/InterActiveCorp in the 3rd quarter valued at $131,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at $107,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at $206,000. Ibex Investors LLC purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at $214,000. Finally, MML Investors Services LLC purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at $215,000. 86.26% of the stock is owned by hedge funds and other institutional investors.

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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