IAC/InterActive (IAC) Trading Down 0.8%
IAC/InterActive (NYSE:IAC) shares fell 0.8% on Monday . The stock traded as low as $58.84 and last traded at $58.92, with a volume of 185,435 shares trading hands. The stock had previously closed at $59.37.
Several brokerages recently weighed in on IAC. Susquehanna reissued a “positive” rating and issued a $74.00 target price on shares of IAC/InterActive in a research note on Monday, August 8th. Jefferies Group reissued a “hold” rating and issued a $60.00 target price on shares of IAC/InterActive in a research note on Monday, July 25th. Zacks Investment Research raised shares of IAC/InterActive from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Thursday, July 14th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of IAC/InterActive in a research note on Monday, August 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $75.00 target price on shares of IAC/InterActive in a research note on Friday, July 29th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. IAC/InterActive presently has a consensus rating of “Buy” and a consensus price target of $67.00.
The company’s market cap is $4.52 billion. The company has a 50-day moving average of $58.55 and a 200-day moving average of $51.51.
IAC/InterActive (NYSE:IAC) last announced its earnings results on Wednesday, July 27th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.50 by $0.08. During the same period last year, the company posted $0.85 earnings per share. The firm earned $745.40 million during the quarter, compared to analyst estimates of $748.73 million. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts predict that IAC/InterActive will post $2.58 earnings per share for the current fiscal year.
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