IAC/InterActiveCorp (NASDAQ:IAC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Several other research firms have also recently weighed in on IAC. Oppenheimer reissued a “buy” rating and issued a $141.00 price objective on shares of IAC/InterActiveCorp in a research report on Thursday, November 9th. Guggenheim reissued a “buy” rating and issued a $150.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, December 22nd. Zacks Investment Research cut IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reissued a “buy” rating on shares of IAC/InterActiveCorp in a research report on Wednesday, October 11th. Finally, UBS Group upped their target price on IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty have issued a buy rating to the company’s stock. IAC/InterActiveCorp has an average rating of “Buy” and an average target price of $142.76.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at $133.31 on Friday. IAC/InterActiveCorp has a 12-month low of $66.35 and a 12-month high of $137.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $10,929.29, a P/E ratio of 33.66, a PEG ratio of 4.27 and a beta of 1.10.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The business had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period in the prior year, the company posted $0.73 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts anticipate that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.
In other IAC/InterActiveCorp news, EVP Mark J. Stein sold 26,887 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total transaction of $3,406,045.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Levin sold 78,500 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total value of $10,113,155.00. The disclosure for this sale can be found here. Insiders have sold 175,929 shares of company stock valued at $22,516,569 over the last quarter. Corporate insiders own 11.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC acquired a new position in IAC/InterActiveCorp during the third quarter worth $105,000. FNY Partners Fund LP acquired a new position in IAC/InterActiveCorp during the second quarter worth $152,000. Timber Hill LLC acquired a new position in IAC/InterActiveCorp during the third quarter worth $208,000. Crossmark Global Holdings Inc. acquired a new position in IAC/InterActiveCorp during the third quarter worth $212,000. Finally, Breton Hill Capital Ltd. acquired a new stake in shares of IAC/InterActiveCorp in the third quarter valued at $224,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.
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IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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