UBS AG reissued their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a report issued on Friday. UBS AG currently has a $126.00 target price on the stock, up from their prior target price of $115.00.

Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC dropped their price objective on shares of IAC/InterActiveCorp from $85.00 to $82.00 in a research report on Wednesday, April 19th. Guggenheim upgraded shares of IAC/InterActiveCorp from a neutral rating to a buy rating and set a $120.00 price objective for the company in a research report on Friday, May 5th. Wells Fargo & Company restated a buy rating on shares of IAC/InterActiveCorp in a research report on Friday, May 5th. Benchmark Co. restated a buy rating on shares of IAC/InterActiveCorp in a research report on Wednesday, May 3rd. Finally, Needham & Company LLC restated a buy rating and issued a $110.00 price objective (up previously from $84.00) on shares of IAC/InterActiveCorp in a research report on Friday, May 5th. Two research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. IAC/InterActiveCorp has a consensus rating of Buy and a consensus price target of $100.10.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded down 2.10% during trading on Friday, reaching $105.75. The company’s stock had a trading volume of 673,292 shares. IAC/InterActiveCorp has a 12 month low of $56.41 and a 12 month high of $109.80. The company’s 50-day moving average is $104.54 and its 200-day moving average is $88.20. The company has a market capitalization of $8.34 billion, a P/E ratio of 38.45 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.36%. The firm had revenue of $767.39 million during the quarter, compared to analysts’ expectations of $758.01 million. During the same quarter in the previous year, the company posted $0.42 EPS. IAC/InterActiveCorp’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that IAC/InterActiveCorp will post $3.09 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its stake 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 in the last quarter. Comerica Bank raised its stake in IAC/InterActiveCorp by 0.7% in the first quarter. Comerica Bank now owns 3,269 shares of the company’s stock worth $272,000 after buying an additional 23 shares in the last quarter. US Bancorp DE raised its stake in IAC/InterActiveCorp by 0.6% in the second quarter. US Bancorp DE now owns 5,261 shares of the company’s stock worth $543,000 after buying an additional 30 shares in the last quarter. Howard Hughes Medical Institute raised its stake in IAC/InterActiveCorp by 0.7% in the first quarter. Howard Hughes Medical Institute now owns 6,862 shares of the company’s stock worth $506,000 after buying an additional 50 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in IAC/InterActiveCorp by 0.4% in the first quarter. Greenwich Wealth Management LLC now owns 20,350 shares of the company’s stock worth $1,500,000 after buying an additional 77 shares in the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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