IAC/InterActiveCorp (IAC) Given New $166.00 Price Target at Bank of America Corporation
IAC/InterActiveCorp (NASDAQ:IAC) had its price target boosted by Bank of America Corporation from $150.00 to $166.00 in a research report released on Friday morning. The brokerage currently has a buy rating on the stock.
IAC has been the subject of several other research reports. Susquehanna Bancshares Inc reissued a positive rating and issued a $140.00 price objective (up previously from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. BidaskClub raised shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $150.00 price objective on shares of IAC/InterActiveCorp in a research report on Wednesday, October 11th. Needham & Company LLC raised their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a buy rating in a report on Friday. Finally, Guggenheim reaffirmed a buy rating and set a $135.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. IAC/InterActiveCorp presently has a consensus rating of Buy and an average price target of $141.40.
IAC/InterActiveCorp (NASDAQ IAC) traded down $0.90 during trading on Friday, hitting $124.01. 1,995,200 shares of the stock traded hands, compared to its average volume of 740,546. IAC/InterActiveCorp has a 52 week low of $64.50 and a 52 week high of $137.86. The firm has a market capitalization of $9,890.17, a price-to-earnings ratio of 99.21, a P/E/G ratio of 6.80 and a beta of 1.12. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same period in the previous year, the company earned $0.73 EPS. IAC/InterActiveCorp’s revenue was up 8.4% on a year-over-year basis. sell-side analysts forecast that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. ClariVest Asset Management LLC bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $133,000. FNY Partners Fund LP bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $152,000. First Mercantile Trust Co. bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $193,000. Virtu Financial LLC bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $201,000. Finally, Reliance Trust Co. of Delaware bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $202,000. Institutional investors own 91.44% 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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