IAC/InterActiveCorp (NASDAQ:IAC) Downgraded by BidaskClub to “Hold”

BidaskClub downgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a buy rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

IAC has been the topic of several other reports. Zacks Investment Research cut shares of IAC/InterActiveCorp from a strong-buy rating to a hold rating in a research note on Wednesday, August 14th. Benchmark increased their target price on shares of IAC/InterActiveCorp from $250.00 to $300.00 and gave the stock a buy rating in a research note on Friday, August 9th. Nomura increased their target price on shares of IAC/InterActiveCorp from $282.00 to $314.00 and gave the stock a buy rating in a research note on Friday, August 9th. ValuEngine cut shares of IAC/InterActiveCorp from a strong-buy rating to a buy rating in a research note on Thursday, August 1st. Finally, Cowen set a $290.00 target price on shares of IAC/InterActiveCorp and gave the stock a buy rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. IAC/InterActiveCorp currently has a consensus rating of Buy and an average target price of $288.42.

NASDAQ IAC traded down $0.47 on Tuesday, hitting $229.49. The stock had a trading volume of 15,516 shares, compared to its average volume of 787,200. IAC/InterActiveCorp has a 52-week low of $158.29 and a 52-week high of $268.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 40.98 and a beta of 0.94. The firm has a 50-day moving average of $247.27 and a 200-day moving average of $228.30.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.27. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.44%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company posted $2.32 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that IAC/InterActiveCorp will post 4.4 earnings per share for the current fiscal year.

In other news, EVP Gregg Winiarski sold 73,409 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $253.54, for a total transaction of $18,612,117.86. Following the sale, the executive vice president now owns 206,342 shares in the company, valued at approximately $52,315,950.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Glenn Schiffman sold 1,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $225.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,781 shares of company stock worth $46,309,265. Corporate insiders own 11.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Next Capital Management LLC bought a new stake in IAC/InterActiveCorp in the 2nd quarter worth $28,000. Valeo Financial Advisors LLC bought a new stake in IAC/InterActiveCorp in the 2nd quarter worth $29,000. Icon Wealth Partners LLC bought a new stake in IAC/InterActiveCorp in the 1st quarter worth $32,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in IAC/InterActiveCorp by 78.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 193 shares of the company’s stock worth $42,000 after acquiring an additional 85 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in IAC/InterActiveCorp in the 1st quarter worth $56,000. 89.88% of the stock is currently owned by institutional investors.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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