Wells Fargo & Co. upgraded shares of IAC/InterActive (NYSE:IAC) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning.

Analyst Recommendations for IAC/InterActive (NYSE:IAC)

IAC has been the subject of a number of other reports. Jefferies Group reaffirmed a hold rating and set a $60.00 target price on shares of IAC/InterActive in a research report on Tuesday, August 23rd. Axiom Securities reissued a buy rating on shares of IAC/InterActive in a research report on Wednesday, June 22nd. BMO Capital Markets assumed coverage on IAC/InterActive in a research report on Tuesday, June 7th. They issued an outperform rating and a $70.00 price target for the company. Zacks Investment Research lowered IAC/InterActive from a buy rating to a hold rating in a research report on Wednesday, July 6th. Finally, Needham & Company LLC reissued a buy rating and issued a $70.00 price target (up from $62.00) on shares of IAC/InterActive in a research report on Tuesday, June 21st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $67.00.

IAC/InterActive (NYSE:IAC) opened at 62.68 on Tuesday. The firm has a 50-day moving average price of $58.77 and a 200 day moving average price of $53.98. IAC/InterActive has a 12 month low of $38.82 and a 12 month high of $73.15. The stock’s market capitalization is $4.99 billion.

IAC/InterActive (NYSE:IAC) last issued its earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The business earned $745.40 million during the quarter, compared to analyst estimates of $748.73 million. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Equities analysts anticipate that IAC/InterActive will post $2.58 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Aviva PLC acquired a new position in shares of IAC/InterActive during the second quarter worth about $2,400,000. Swiss National Bank acquired a new position in shares of IAC/InterActive during the second quarter worth about $7,178,000. Great West Life Assurance Co. Can acquired a new position in shares of IAC/InterActive during the second quarter worth about $1,128,000. Systematic Financial Management LP acquired a new position in shares of IAC/InterActive during the second quarter worth about $10,469,000. Finally, AJO LP acquired a new position in shares of IAC/InterActive during the second quarter worth about $46,163,000.

About IAC/InterActive

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