IAC/InterActiveCorp (IAC) Lifted to A- at TheStreet
A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a strong sell rating to a hold rating in a research note on Thursday, April 20th. Jefferies Group LLC restated a buy rating and issued a $92.00 price target on shares of IAC/InterActiveCorp in a research note on Tuesday, May 2nd. Stifel Nicolaus dropped their price target on shares of IAC/InterActiveCorp from $103.00 to $73.00 and set a hold rating for the company in a research note on Thursday, May 4th. Guggenheim upgraded shares of IAC/InterActiveCorp from a neutral rating to a buy rating and set a $120.00 price target for the company in a research note on Friday, May 5th. Finally, Bank of America Corporation restated a buy rating and issued a $133.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. Two 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.
IAC/InterActiveCorp (IAC) opened at 108.02 on Thursday. The firm has a market cap of $8.52 billion, a PE ratio of 39.28 and a beta of 1.14. IAC/InterActiveCorp has a one year low of $56.41 and a one year high of $111.67. The stock has a 50 day moving average of $104.54 and a 200 day moving average of $88.20.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The business had revenue of $767.39 million during 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 business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities analysts forecast that IAC/InterActiveCorp will post $3.10 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in IAC. Regent Investment Management LLC purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at about $992,000. Oak Associates Ltd. OH increased its position in shares of IAC/InterActiveCorp by 32.0% in the first quarter. Oak Associates Ltd. OH now owns 171,423 shares of the company’s stock valued at $12,637,000 after buying an additional 41,600 shares during the period. Two Sigma Securities LLC purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at about $209,000. Creative Planning increased its position in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock valued at $124,000 after buying an additional 10 shares during the period. Finally, Parkside Investments LLC purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at about $3,512,000. 83.58% of the stock is owned by institutional investors.
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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