Shares of IAC/InterActiveCorp (NASDAQ:IAC) have earned an average rating of “Buy” from the twenty-two analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $288.71.
IAC has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on IAC/InterActiveCorp from $280.00 to $300.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets raised their price objective on IAC/InterActiveCorp from $319.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Credit Suisse Group raised their price objective on IAC/InterActiveCorp from $263.00 to $284.00 and gave the company an “outperform” rating in a report on Friday, August 9th. BidaskClub cut IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, SunTrust Banks lifted their price target on IAC/InterActiveCorp from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, August 9th.
Shares of NASDAQ IAC traded down $1.14 during mid-day trading on Wednesday, hitting $238.44. The company had a trading volume of 438,390 shares, compared to its average volume of 739,205. The company has a market cap of $20.07 billion, a P/E ratio of 42.65, a PEG ratio of 2.59 and a beta of 0.96. The company has a 50-day moving average price of $235.57. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.65. IAC/InterActiveCorp has a one year low of $158.29 and a one year high of $268.72.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. IAC/InterActiveCorp had a return on equity of 12.76% and a net margin of 11.99%. IAC/InterActiveCorp’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 EPS. On average, sell-side analysts forecast that IAC/InterActiveCorp will post 4.8 earnings per share for the current year.
In other news, SVP Michael H. Schwerdtman sold 6,676 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $255.55, for a total transaction of $1,706,051.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Glenn Schiffman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $225.00, for a total value of $225,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,676 shares of company stock valued at $3,295,272. Corporate insiders own 11.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of IAC/InterActiveCorp by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after purchasing an additional 41,411 shares during the last quarter. First Manhattan Co. raised its holdings in IAC/InterActiveCorp by 1.0% in the 1st quarter. First Manhattan Co. now owns 1,195,514 shares of the company’s stock valued at $251,189,000 after acquiring an additional 11,636 shares in the last quarter. Virtu Financial LLC acquired a new position in IAC/InterActiveCorp in the 1st quarter valued at approximately $2,810,000. Landsberg Bennett & Dubbaneh LLC acquired a new position in IAC/InterActiveCorp in the 1st quarter valued at approximately $289,000. Finally, Scout Investments Inc. raised its holdings in IAC/InterActiveCorp by 1.2% in the 1st quarter. Scout Investments Inc. now owns 129,428 shares of the company’s stock valued at $27,194,000 after acquiring an additional 1,523 shares in the last quarter. Institutional investors own 90.41% 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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