IAC/InterActiveCorp (IAC) Receives $162.33 Consensus Price Target from Brokerages
Shares of IAC/InterActiveCorp (NASDAQ:IAC) have earned an average recommendation of “Buy” from the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $162.33.
Several research analysts recently issued reports on the company. Aegis reaffirmed a “buy” rating and set a $200.00 target price (up from $165.00) on shares of IAC/InterActiveCorp in a research report on Tuesday. Citigroup raised their target price on IAC/InterActiveCorp from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. BMO Capital Markets lifted their price objective on IAC/InterActiveCorp from $172.00 to $193.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Finally, Barclays reissued a “buy” rating and issued a $176.00 price objective on shares of IAC/InterActiveCorp in a research report on Sunday, February 11th.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded up $3.65 on Wednesday, hitting $152.53. The stock had a trading volume of 554,430 shares, compared to its average volume of 992,817. IAC/InterActiveCorp has a one year low of $72.00 and a one year high of $154.53. The company has a market cap of $12,205.78, a PE ratio of 48.42, a price-to-earnings-growth ratio of 4.57 and a beta of 1.31. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.
In other news, EVP Gregg Winiarski sold 62,253 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total value of $7,917,959.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The disclosure for this sale can be found here. Insiders have sold a total of 91,429 shares of company stock valued at $11,605,414 in the last quarter. Company insiders own 10.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of IAC/InterActiveCorp by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock worth $689,000 after buying an additional 25 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its stake in shares of IAC/InterActiveCorp by 9.7% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 3,950 shares of the company’s stock worth $483,000 after buying an additional 350 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of IAC/InterActiveCorp by 1.5% in the 4th quarter. Macquarie Group Ltd. now owns 23,864 shares of the company’s stock worth $2,919,000 after buying an additional 364 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of IAC/InterActiveCorp by 16.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock worth $271,000 after buying an additional 370 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of IAC/InterActiveCorp by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,229 shares of the company’s stock worth $1,740,000 after purchasing an additional 445 shares during the period. Hedge funds and other institutional investors own 86.49% of the company’s stock.
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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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