IAC/InterActiveCorp (IAC) Reaches New 52-Week High Following Analyst Upgrade

Shares of IAC/InterActiveCorp (NASDAQ:IAC) hit a new 52-week high during trading on Tuesday after Jefferies Financial Group raised their price target on the stock to $260.00. The company traded as high as $223.98 and last traded at $221.77, with a volume of 22916 shares trading hands. The stock had previously closed at $221.54.

IAC has been the topic of a number of other research reports. BidaskClub lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Friday, November 9th. Wells Fargo & Co decreased their price target on shares of IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Finally, Aegis reissued a “buy” rating and issued a $250.00 price target on shares of IAC/InterActiveCorp in a report on Thursday, November 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $235.54.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of the stock in a transaction on Friday, January 18th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 4,000 shares of company stock valued at $796,530 in the last three months. 10.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Csenge Advisory Group purchased a new stake in shares of IAC/InterActiveCorp in the 3rd quarter worth about $29,000. Lindbrook Capital LLC purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth about $34,000. Quantamental Technologies LLC purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth about $43,000. Athena Capital Advisors LLC purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth about $64,000. Finally, Riverview Trust Co purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth about $92,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $18.58 billion, a P/E ratio of 39.62, a PEG ratio of 2.24 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.53%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $0.37 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts predict that IAC/InterActiveCorp will post 4.85 EPS for the current year.

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IAC/InterActiveCorp Company Profile (NASDAQ:IAC)

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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