IAC/InterActive (IAC) Sees Strong Trading Volume
IAC/InterActive (NYSE:IAC) saw strong trading volume on Wednesday . 992,694 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 630,842 shares.The stock last traded at $59.30 and had previously closed at $59.75.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered IAC/InterActive from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Wells Fargo & Co. reissued a “hold” rating on shares of IAC/InterActive in a research report on Tuesday, May 3rd. Jefferies Group reissued a “hold” rating and issued a $60.00 price target on shares of IAC/InterActive in a research report on Monday, June 27th. 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. Finally, SunTrust Banks Inc. assumed coverage on IAC/InterActive in a research report on Wednesday, March 23rd. They issued a “buy” rating and a $57.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. IAC/InterActive presently has a consensus rating of “Buy” and a consensus target price of $65.80.
The stock has a market capitalization of $4.69 billion and a P/E ratio of 52.33. The firm has a 50-day moving average of $55.59 and a 200-day moving average of $50.77.
IAC/InterActive (NYSE:IAC) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $819.20 million for the quarter, compared to the consensus estimate of $805.30 million. The business’s revenue was up 6.0% compared to the same quarter last year. Analysts forecast that IAC/InterActive will post $3.16 earnings per share for the current fiscal year.
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