IAC/InterActiveCorp (NASDAQ:IAC) Receives Average Rating of “Buy” from Brokerages

IAC/InterActiveCorp (NASDAQ:IAC) has been given a consensus recommendation of “Buy” by the twenty-four analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $283.39.

Several research firms recently weighed in on IAC. BMO Capital Markets dropped their target price on shares of IAC/InterActiveCorp from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Deutsche Bank dropped their target price on shares of IAC/InterActiveCorp from $279.00 to $256.00 and set a “buy” rating for the company in a report on Friday, November 8th. Benchmark dropped their target price on shares of IAC/InterActiveCorp from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Citigroup began coverage on shares of IAC/InterActiveCorp in a research note on Tuesday, September 17th. They issued a “buy” rating and a $290.00 price target for the company. Finally, BidaskClub upgraded shares of IAC/InterActiveCorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 25th.

IAC opened at $258.86 on Friday. The firm has a market capitalization of $21.64 billion, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.56 and a quick ratio of 3.56. The company’s 50 day simple moving average is $232.90 and its two-hundred day simple moving average is $232.96. IAC/InterActiveCorp has a 1-year low of $178.08 and a 1-year high of $268.72.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.33. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. IAC/InterActiveCorp had a net margin of 11.25% and a return on equity of 11.57%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.49 EPS. On average, equities analysts anticipate that IAC/InterActiveCorp will post 4.5 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $221.72, for a total transaction of $443,440.00. Following the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at $443,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 8,000 shares of company stock worth $1,928,270. Company insiders own 11.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Maj Invest Holding A S acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $63,000. Assetmark Inc. grew its position in shares of IAC/InterActiveCorp by 119.1% in the second quarter. Assetmark Inc. now owns 298 shares of the company’s stock valued at $65,000 after purchasing an additional 162 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $96,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $174,000. Finally, Banco Santander S.A. acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $205,000. Institutional investors own 89.46% of the company’s stock.

IAC/InterActiveCorp Company Profile

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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