IAC/InterActiveCorp (NASDAQ:IAC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also recently issued reports on IAC. Piper Jaffray Companies lifted their price objective on IAC/InterActiveCorp to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $127.00 price objective (up previously from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Aegis reiterated a “buy” rating and issued a $125.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective (up previously from $110.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $111.70.

IAC/InterActiveCorp (IAC) opened at 114.72 on Tuesday. IAC/InterActiveCorp has a one year low of $60.39 and a one year high of $119.53. The firm has a 50-day moving average of $108.78 and a 200-day moving average of $96.89. The company has a market capitalization of $9.15 billion, a P/E ratio of 41.00 and a beta of 1.13.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.24. The business had revenue of $767.39 million during the quarter, compared to analysts’ expectations of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, analysts anticipate that IAC/InterActiveCorp will post $3.07 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in IAC. ClariVest Asset Management LLC acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $133,000. FNY Partners Fund LP acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $152,000. First Mercantile Trust Co. acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $193,000. Virtu Financial LLC acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $201,000. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $202,000. 85.19% of the stock is currently owned by institutional investors.

About IAC/InterActiveCorp

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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