IAC/InterActiveCorp (IAC) Price Target Raised to $291.00
IAC/InterActiveCorp (NASDAQ:IAC) had its price target hoisted by equities researchers at BMO Capital Markets from $287.00 to $291.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 31.71% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Nomura boosted their price target on IAC/InterActiveCorp from $206.00 to $239.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Co reduced their price target on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. Zacks Investment Research downgraded IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Friday, November 9th. BidaskClub upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Friday, December 28th. Finally, Goldman Sachs Group started coverage on IAC/InterActiveCorp in a report on Monday, February 4th. They set a “neutral” rating and a $226.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $235.54.
Shares of IAC traded up $4.98 during trading hours on Monday, hitting $220.94. The company had a trading volume of 35,212 shares, compared to its average volume of 775,773. The company has a market cap of $18.03 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.24 and a beta of 1.14. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.60. IAC/InterActiveCorp has a 52-week low of $128.80 and a 52-week high of $223.54.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $208.81, for a total transaction of $417,620.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 4,000 shares of company stock worth $796,530. Insiders own 10.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of IAC. Advisors Asset Management Inc. lifted its position in IAC/InterActiveCorp by 66.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 14,679 shares of the company’s stock valued at $2,238,000 after acquiring an additional 5,843 shares in the last quarter. FMR LLC lifted its position in IAC/InterActiveCorp by 331.1% in the 2nd quarter. FMR LLC now owns 651,459 shares of the company’s stock valued at $99,341,000 after acquiring an additional 500,359 shares in the last quarter. United Services Automobile Association lifted its position in IAC/InterActiveCorp by 16.1% in the 2nd quarter. United Services Automobile Association now owns 18,806 shares of the company’s stock valued at $2,868,000 after acquiring an additional 2,602 shares in the last quarter. First Manhattan Co. lifted its position in IAC/InterActiveCorp by 2.6% in the 3rd quarter. First Manhattan Co. now owns 941,359 shares of the company’s stock valued at $204,011,000 after acquiring an additional 23,615 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in IAC/InterActiveCorp by 76.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 23,943 shares of the company’s stock valued at $5,189,000 after acquiring an additional 10,343 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
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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