IAC/InterActive (IAC) Stock Price Up 2.3%
Shares of IAC/InterActive (NYSE:IAC) rose 2.3% during trading on Friday . The company 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.
IAC has been the subject of a number of recent analyst reports. Axiom Securities reiterated a “buy” rating on shares of IAC/InterActive in a research note on Wednesday, June 22nd. BMO Capital Markets initiated coverage on shares of IAC/InterActive in a research note on Tuesday, June 7th. They issued an “outperform” rating and a $70.00 target price for the company. Zacks Investment Research cut shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Jefferies Group reiterated a “hold” rating and issued a $60.00 target price on shares of IAC/InterActive in a research note on Monday, June 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of IAC/InterActive in a research note on Tuesday, June 21st. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. IAC/InterActive currently has an average rating of “Buy” and an average price target of $67.00.
The company has a 50 day moving average of $58.76 and a 200 day moving average of $51.63. The company’s market capitalization is $4.61 billion.
IAC/InterActive (NYSE:IAC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. During the same quarter in the prior year, the company earned $0.85 EPS. The business had revenue of $745.40 million for the quarter, compared to the consensus estimate of $748.73 million. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that IAC/InterActive will post $2.58 earnings per share for the current year.
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