IAC/InterActiveCorp (IAC) Now Covered by Analysts at Evercore ISI

Evercore ISI started coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note published on Tuesday, December 5th. The brokerage issued an outperform rating and a $155.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on IAC. ValuEngine cut shares of IAC/InterActiveCorp from a hold rating to a sell rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of IAC/InterActiveCorp from a strong-buy rating to a hold rating in a research report on Wednesday, November 15th. Cowen reaffirmed a buy rating and issued a $155.00 target price on shares of IAC/InterActiveCorp in a research note on Friday, November 10th. Barclays raised their target price on shares of IAC/InterActiveCorp from $150.00 to $155.00 and gave the company an overweight rating in a research note on Friday, November 10th. Finally, Bank of America lifted their price objective on shares of IAC/InterActiveCorp from $150.00 to $166.00 and gave the stock a buy rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $142.76.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down $0.97 during trading on Tuesday, reaching $122.28. 588,729 shares of the company’s stock were exchanged, compared to its average volume of 968,898. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 12-month low of $64.69 and a 12-month high of $137.86. The company has a market cap of $10,030.00, a P/E ratio of 27.42, a PEG ratio of 27.14 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same quarter in the prior year, the company posted $0.73 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. analysts forecast that IAC/InterActiveCorp will post 0.55 earnings per share for the current year.

In other news, Director Edgar Bronfman, Jr. sold 2,289 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total value of $281,409.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Stein sold 26,887 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $126.68, for a total transaction of $3,406,045.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,676 shares of company stock valued at $14,598,610. Insiders own 10.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in shares of IAC/InterActiveCorp by 0.6% in the 2nd quarter. US Bancorp DE now owns 5,261 shares of the company’s stock worth $543,000 after purchasing an additional 30 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of IAC/InterActiveCorp by 0.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 23,180 shares of the company’s stock worth $2,389,000 after purchasing an additional 203 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of IAC/InterActiveCorp by 221.0% in the 2nd quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock worth $1,824,000 after purchasing an additional 12,157 shares in the last quarter. Palisade Capital Management LLC NJ lifted its holdings in shares of IAC/InterActiveCorp by 0.7% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 57,300 shares of the company’s stock worth $5,916,000 after purchasing an additional 400 shares in the last quarter. Finally, TD Asset Management Inc. bought a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth $6,711,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

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About IAC/InterActiveCorp

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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