A number of firms have modified their ratings and price targets on shares of IAC/InterActiveCorp (NASDAQ: IAC) recently:

  • 11/20/2018 – IAC/InterActiveCorp was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/12/2018 – IAC/InterActiveCorp had its price target lowered by analysts at Wells Fargo & Co from $220.00 to $210.00. They now have an “outperform” rating on the stock.
  • 11/9/2018 – IAC/InterActiveCorp had its price target raised by analysts at BMO Capital Markets to $282.00. They now have an “outperform” rating on the stock.
  • 11/9/2018 – IAC/InterActiveCorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “
  • 11/8/2018 – IAC/InterActiveCorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/2/2018 – IAC/InterActiveCorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/17/2018 – IAC/InterActiveCorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/11/2018 – IAC/InterActiveCorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/11/2018 – IAC/InterActiveCorp is now covered by analysts at Nomura. They set a “buy” rating and a $246.00 price target on the stock.
  • 10/11/2018 – IAC/InterActiveCorp had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $260.00 price target on the stock, up previously from $204.00. They wrote, “Wellness category. We believe Dotdash has differentiated themselves from the competition in 3 key ways: 1) With financial backing from the rest of search and the parent company, Dotdash has been able to focus on developing an “evergreen” portfolio of content which receives more consistent updates than the peer group, remaining relevant and driving higher ad rates despite fewer ads per page, while also seeing organic search ranking improvements; 2) Company’s history at About and given all the prior brand work, Dotdash spends very little on paid channel marketing, allowing for a superior margin profile; 3) Dotdash/IAC’s willingness to spend money as others contracted allowed for the creation of a superior tech platform that enjoys a significant speed advantage on mobile, increasing user engagement.””
  • 10/4/2018 – IAC/InterActiveCorp had its price target raised by analysts at Jefferies Financial Group Inc from $240.00 to $260.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/27/2018 – IAC/InterActiveCorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “
  • 9/26/2018 – IAC/InterActiveCorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $239.00 price target on the stock. According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “
  • 9/26/2018 – IAC/InterActiveCorp had its price target raised by analysts at UBS Group AG from $224.00 to $265.00. They now have a “buy” rating on the stock.
  • 9/22/2018 – IAC/InterActiveCorp was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

IAC stock opened at $168.24 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.77 and a current ratio of 2.77. IAC/InterActiveCorp has a 52 week low of $118.83 and a 52 week high of $223.54. The stock has a market capitalization of $13.97 billion, a P/E ratio of 218.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.46. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 15.84%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $0.55 earnings per share. IAC/InterActiveCorp’s revenue was up 33.3% compared to the same quarter last year. On average, analysts predict that IAC/InterActiveCorp will post 5.53 EPS for the current year.

In related news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $199.05, for a total value of $398,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 10.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in IAC. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at about $107,000. Stratos Wealth Partners LTD. acquired a new stake in IAC/InterActiveCorp during the third quarter worth about $131,000. Rehmann Capital Advisory Group grew its stake in IAC/InterActiveCorp by 19,016.0% during the third quarter. Rehmann Capital Advisory Group now owns 40,526 shares of the company’s stock worth $187,000 after buying an additional 40,314 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in IAC/InterActiveCorp during the third quarter worth about $206,000. Finally, Ibex Investors LLC acquired a new stake in IAC/InterActiveCorp during the third quarter worth about $214,000. Institutional investors and hedge funds own 86.26% of the company’s stock.

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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