IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “outperform” rating restated by equities researchers at Wells Fargo & Co in a report issued on Monday, The Fly reports. They presently have a $168.00 price target on the stock, up from their previous price target of $150.00. Wells Fargo & Co’s price objective indicates a potential upside of 26.02% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Citigroup set a $150.00 target price on IAC/InterActiveCorp and gave the stock a “buy” rating in a report on Friday, November 10th. Needham & Company LLC lifted their target price on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 10th. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Jefferies Group reissued a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Finally, Credit Suisse Group boosted their price objective on IAC/InterActiveCorp from $129.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $143.62.
IAC/InterActiveCorp (IAC) traded up $1.51 during trading hours on Monday, reaching $133.31. The company’s stock had a trading volume of 454,900 shares, compared to its average volume of 820,400. IAC/InterActiveCorp has a twelve month low of $66.35 and a twelve month high of $137.86. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $10,929.29, a PE ratio of 33.66, a PEG ratio of 4.27 and a beta of 1.10.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period last year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current year.
In related news, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Rosenblatt sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $133.00, for a total value of $798,000.00. The disclosure for this sale can be found here. Insiders sold 175,929 shares of company stock valued at $22,516,569 in the last quarter. 11.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in IAC. Fieldpoint Private Securities LLC purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $105,000. FNY Partners Fund LP purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $152,000. Piedmont Investment Advisors LLC purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $205,000. Timber Hill LLC purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at approximately $208,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in IAC/InterActiveCorp during the third quarter worth $212,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.
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IAC/InterActiveCorp Company Profile
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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