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

Analyst Recommendations for IAC/InterActive (NYSE:IAC)

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC reissued a buy rating and issued a $70.00 price objective on shares of IAC/InterActive in a research report on Monday, August 1st. Axiom Securities reaffirmed a buy rating on shares of IAC/InterActive in a research report on Wednesday, June 22nd. Zacks Investment Research raised shares of IAC/InterActive from a hold rating to a buy rating and set a $60.00 price target on the stock in a research report on Wednesday, June 29th. Finally, Jefferies Group reaffirmed a hold rating and set a $60.00 price target on shares of IAC/InterActive in a research report on Monday, July 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $67.00.

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

IAC/InterActive (NYSE:IAC) last posted its quarterly earnings data 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. The business had revenue of $745.40 million for the quarter, compared to the consensus estimate of $748.73 million. IAC/InterActive’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, analysts predict that IAC/InterActive will post $2.58 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new stake in shares of IAC/InterActive during the second quarter valued at approximately $7,044,000. Cowen Group Inc. purchased a new stake in shares of IAC/InterActive during the second quarter valued at approximately $2,269,000. Royal Bank of Canada purchased a new stake in shares of IAC/InterActive during the second quarter valued at approximately $15,167,000. IFP Advisors Inc purchased a new stake in shares of IAC/InterActive during the second quarter valued at approximately $211,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of IAC/InterActive during the second quarter valued at approximately $1,295,000.

IAC/InterActive Company Profile

5 Day Chart for NYSE:IAC

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