Piermont Capital Management Inc. held its stake in IAC/InterActive (NYSE:IAC) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,530 shares of the company’s stock at the end of the third quarter. Piermont Capital Management Inc.’s holdings in IAC/InterActive were worth $783,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. American International Group Inc. bought a new stake in IAC/InterActive during the second quarter valued at $105,000. NCM Capital Advisers Inc. bought a new stake in IAC/InterActive during the second quarter valued at $126,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in IAC/InterActive during the second quarter valued at $135,000. 1832 Asset Management L.P. bought a new stake in IAC/InterActive during the second quarter valued at $161,000. Finally, Tower Research Capital LLC TRC bought a new stake in IAC/InterActive during the second quarter valued at $192,000.

Institutional Ownership by Quarter for IAC/InterActive (NYSE:IAC)

IAC/InterActive (NYSE:IAC) traded up 1.46% during trading on Friday, reaching $70.95. 504,787 shares of the company’s stock traded hands. The company has a 50 day moving average price of $67.02 and a 200-day moving average price of $62.04. IAC/InterActive has a 12-month low of $38.82 and a 12-month high of $71.46. The company’s market cap is $5.63 billion.

IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, November 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $764.10 million for the quarter, compared to the consensus estimate of $755.62 million. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that IAC/InterActive will post $2.54 EPS for the current fiscal year.

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Several analysts have recently weighed in on the stock. J P Morgan Chase & Co assumed coverage on shares of IAC/InterActive in a research note on Tuesday, October 11th. They set an “overweight” rating and a $78.00 price target for the company. Zacks Investment Research downgraded shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Wells Fargo & Company raised shares of IAC/InterActive from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 20th. Credit Suisse Group assumed coverage on shares of IAC/InterActive in a research note on Wednesday. They set an “outperform” rating and a $83.00 price target for the company. Finally, Barclays PLC set a $70.00 price target on shares of IAC/InterActive and gave the company a “buy” rating in a research note on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. IAC/InterActive has an average rating of “Buy” and a consensus price target of $73.11.

About IAC/InterActive

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