IAC/InterActive (IAC) Shares Down 0.8%
IAC/InterActive (NYSE:IAC) traded down 0.8% during mid-day trading on Monday . The stock traded as low as $58.84 and last traded at $58.92, with a volume of 185,435 shares. The stock had previously closed at $59.37.
IAC has been the subject of several research reports. Zacks Investment Research cut IAC/InterActive from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of IAC/InterActive in a research report on Tuesday, May 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $60.00 target price on shares of IAC/InterActive in a research report on Monday, June 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of IAC/InterActive in a research report on Monday, August 1st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $74.00 target price on shares of IAC/InterActive in a research report on Monday, August 8th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. IAC/InterActive has an average rating of “Buy” and an average price target of $67.00.
The firm’s market capitalization is $4.68 billion. The firm’s 50 day moving average price is $58.39 and its 200 day moving average price is $51.47.
IAC/InterActive (NYSE:IAC) last posted its earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company earned $745.40 million during the quarter, compared to analyst estimates of $748.73 million. The company’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that IAC/InterActive will post $2.58 EPS for the current year.
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