IAC/InterActiveCorp’s (NASDAQ:IAC) Positive Rating Reiterated at Susquehanna Bancshares Inc
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “positive” rating reaffirmed by research analysts at Susquehanna Bancshares Inc in a research note issued to investors on Wednesday. They currently have a $140.00 target price on the stock, up from their prior target price of $114.00. Susquehanna Bancshares Inc’s price target points to a potential upside of 32.45% from the stock’s current price.
IAC has been the subject of several other research reports. Zacks Investment Research raised IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Thursday, April 20th. Guggenheim raised IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, May 5th. UBS AG reissued a “buy” rating and issued a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. Cowen and Company reissued an “outperform” rating and issued a $90.00 price objective on shares of IAC/InterActiveCorp in a report on Monday, April 24th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $103.40.
IAC/InterActiveCorp (NASDAQ:IAC) opened at 105.70 on Wednesday. The company’s 50-day moving average is $104.54 and its 200 day moving average is $88.20. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 38.44 and a beta of 1.14. IAC/InterActiveCorp has a 12 month low of $56.41 and a 12 month high of $109.80.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.50 by $0.24. The company had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The firm’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 firm posted $0.42 EPS. Equities analysts forecast that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted 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 worth $124,000 after buying an additional 10 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $133,000. First Mercantile Trust Co. bought a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $193,000. Engineers Gate Manager LP bought a new position in shares of IAC/InterActiveCorp during the first quarter worth approximately $201,000. Finally, Virtu Financial LLC bought a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $201,000. Hedge funds and other institutional investors 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.
Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.