IAC/InterActive (IAC) Trading 2.3% Higher
IAC/InterActive (NYSE:IAC) traded up 2.3% during trading on Friday . The stock traded as high as $58.10 and last traded at $58.08, with a volume of 287,320 shares traded. The stock had previously closed at $56.77.
Several equities research analysts recently commented on the stock. Jefferies Group reiterated a “hold” rating and set a $60.00 price target on shares of IAC/InterActive in a research note on Wednesday, May 4th. Wells Fargo & Co. reiterated a “hold” rating on shares of IAC/InterActive in a research note on Tuesday, May 3rd. Zacks Investment Research lowered shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Stifel Nicolaus lowered shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Susquehanna reiterated a “positive” rating and set a $74.00 price target on shares of IAC/InterActive in a research note on Monday, August 8th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. IAC/InterActive has a consensus rating of “Buy” and a consensus target price of $67.00.
The firm’s 50 day moving average is $58.76 and its 200 day moving average is $51.63. The stock’s market cap is $4.61 billion.
IAC/InterActive (NYSE:IAC) last announced its earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.08. The firm had revenue of $745.40 million for the quarter, compared to analyst estimates of $748.73 million. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts expect that IAC/InterActive will post $2.58 EPS for the current year.
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