IAC/InterActiveCorp (NASDAQ:IAC) had its target price increased by equities research analysts at Jefferies Financial Group to $260.00 in a research note issued to investors on Monday, The Fly reports. Jefferies Financial Group’s target price indicates a potential upside of 17.98% from the company’s current price.

A number of other research firms have also recently commented on IAC. BidaskClub upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research cut IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Friday, November 9th. BMO Capital Markets upped their price target on IAC/InterActiveCorp to $282.00 and gave the stock an “outperform” rating in a research note on Friday, November 9th. Wells Fargo & Co decreased their price target on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Finally, ValuEngine cut IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $235.54.

Shares of IAC/InterActiveCorp stock traded up $4.42 on Monday, hitting $220.38. 44,268 shares of the company were exchanged, compared to its average volume of 775,773. The stock has a market cap of $18.03 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.24 and a beta of 1.14. IAC/InterActiveCorp has a 1-year low of $128.80 and a 1-year high of $223.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 2.77.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Thursday, February 7th. The company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $1.05. IAC/InterActiveCorp had a return on equity of 16.53% and a net margin of 14.71%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, research analysts expect that IAC/InterActiveCorp will post 4.85 EPS for the current fiscal year.

In related news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $208.81, for a total value of $417,620.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 4,000 shares of company stock worth $796,530 in the last three months. 10.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAC. Csenge Advisory Group acquired a new stake in shares of IAC/InterActiveCorp during the third quarter worth about $29,000. Lindbrook Capital LLC acquired a new stake in IAC/InterActiveCorp in the fourth quarter valued at about $34,000. Quantamental Technologies LLC acquired a new stake in IAC/InterActiveCorp in the fourth quarter valued at about $43,000. Athena Capital Advisors LLC acquired a new stake in IAC/InterActiveCorp in the fourth quarter valued at about $64,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in IAC/InterActiveCorp in the third quarter valued at about $131,000. Institutional investors own 88.67% of the company’s stock.

IAC/InterActiveCorp Company Profile

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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The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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