Barclays PLC Increases IAC/InterActiveCorp (NASDAQ:IAC) Price Target to $130.00
IAC/InterActiveCorp (NASDAQ:IAC) had its target price upped by equities research analysts at Barclays PLC from $105.00 to $130.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 22.93% from the stock’s current price.
Several other research firms have also weighed in on IAC. Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Thursday. UBS AG reiterated a “buy” rating and issued a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research note on Friday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $130.00 price objective (up previously from $111.00) on shares of IAC/InterActiveCorp in a research note on Sunday, May 28th. Cowen and Company restated a “buy” rating and set a $115.00 price target on shares of IAC/InterActiveCorp in a research note on Sunday, July 30th. Finally, Aegis restated a “buy” rating and set a $115.00 price target on shares of IAC/InterActiveCorp in a research note on Thursday. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.10.
IAC/InterActiveCorp (IAC) traded down 2.10% during trading on Friday, hitting $105.75. 673,292 shares of the company traded hands. The firm has a market cap of $8.34 billion, a P/E ratio of 38.45 and a beta of 1.14. The firm has a 50 day moving average of $104.54 and a 200 day moving average of $88.20. IAC/InterActiveCorp has a one year low of $56.41 and a one year high of $109.80.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.24. The firm had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.36%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. On average, analysts expect that IAC/InterActiveCorp will post $3.09 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in IAC/InterActiveCorp during the second quarter worth about $133,000. First Mercantile Trust Co. purchased a new position in IAC/InterActiveCorp during the second quarter worth about $193,000. Engineers Gate Manager LP purchased a new position in IAC/InterActiveCorp during the first quarter worth about $201,000. Finally, Virtu Financial LLC purchased a new position in IAC/InterActiveCorp during the second quarter worth about $201,000. Institutional investors and hedge funds own 85.22% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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