IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reissued by equities research analysts at Aegis in a report released on Tuesday, February 27th, Marketbeat reports. They presently have a $200.00 price target on the stock, up from their previous price target of $165.00. Aegis’ price objective suggests a potential upside of 25.47% from the stock’s current price.
IAC has been the topic of several other research reports. Needham & Company LLC increased their target price on IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine downgraded IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Credit Suisse Group restated a “buy” rating and issued a $151.00 price target on shares of IAC/InterActiveCorp in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $168.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $162.86.
IAC/InterActiveCorp (IAC) opened at $159.40 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $13,395.55, a P/E ratio of 202.57, a PEG ratio of 4.94 and a beta of 1.31. IAC/InterActiveCorp has a 1-year low of $72.00 and a 1-year high of $163.59.
In related news, EVP Mark J. Stein sold 26,887 shares of the stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total value of $7,917,959.07. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC purchased a new stake in IAC/InterActiveCorp during the third quarter valued at about $105,000. Cerebellum GP LLC bought a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at about $124,000. LS Investment Advisors LLC bought a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at about $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at about $147,000. Finally, American International Group Inc. bought a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 87.58% 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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