IAC/InterActiveCorp (IAC) Now Covered by Nomura

Investment analysts at Nomura assumed coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating and a $246.00 price target on the stock. Nomura’s target price points to a potential upside of 22.09% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group upped their target price on IAC/InterActiveCorp to $240.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Credit Suisse Group upped their target price on IAC/InterActiveCorp from $183.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Guggenheim lowered IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, BidaskClub lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. IAC/InterActiveCorp has a consensus rating of “Buy” and an average price target of $211.75.

Shares of IAC opened at $201.49 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 261.68, a P/E/G ratio of 2.71 and a beta of 1.25. IAC/InterActiveCorp has a 52 week low of $118.83 and a 52 week high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $1.50. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. Analysts expect that IAC/InterActiveCorp will post 5.34 EPS for the current year.

In related news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $217.22, for a total value of $434,440.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in IAC/InterActiveCorp by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 30,436 shares of the company’s stock valued at $4,641,000 after acquiring an additional 364 shares during the last quarter. Keybank National Association OH increased its stake in IAC/InterActiveCorp by 11.7% in the second quarter. Keybank National Association OH now owns 5,740 shares of the company’s stock valued at $875,000 after acquiring an additional 599 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in IAC/InterActiveCorp by 12.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 5,870 shares of the company’s stock valued at $895,000 after acquiring an additional 653 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in IAC/InterActiveCorp in the second quarter valued at $107,000. Finally, Personal Capital Advisors Corp increased its stake in IAC/InterActiveCorp by 0.7% in the third quarter. Personal Capital Advisors Corp now owns 181,770 shares of the company’s stock valued at $39,393,000 after acquiring an additional 1,238 shares during the last quarter. 86.41% of the stock is currently owned by institutional investors and hedge funds.

About IAC/InterActiveCorp

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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The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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