IAC/InterActiveCorp (IAC) Receives $238.15 Consensus Target Price from Analysts

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IAC/InterActiveCorp (NASDAQ:IAC) has earned an average recommendation of “Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $238.15.

A number of research firms have recently commented on IAC. BidaskClub lowered IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Jefferies Financial Group lifted their price objective on IAC/InterActiveCorp to $260.00 in a research note on Monday, February 11th. BMO Capital Markets lifted their price objective on IAC/InterActiveCorp from $287.00 to $291.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Finally, Oppenheimer lifted their price objective on IAC/InterActiveCorp from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th.

Shares of IAC/InterActiveCorp stock traded up $2.36 during trading on Friday, reaching $210.05. The company’s stock had a trading volume of 482,654 shares, compared to its average volume of 735,907. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $17.60 billion, a PE ratio of 37.58, a PEG ratio of 2.28 and a beta of 1.09. IAC/InterActiveCorp has a one year low of $128.80 and a one year high of $223.98.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Thursday, February 7th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $1.05. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Research analysts forecast that IAC/InterActiveCorp will post 4.5 earnings per share for the current year.

In other IAC/InterActiveCorp news, Director David S. Rosenblatt sold 4,528 shares of IAC/InterActiveCorp stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $178.91, for a total value of $178,910.00. The disclosure for this sale can be found here. Insiders have sold 10,528 shares of company stock worth $2,222,948 over the last 90 days. Corporate insiders own 10.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keybank National Association OH boosted its holdings in shares of IAC/InterActiveCorp by 1.3% in the 4th quarter. Keybank National Association OH now owns 4,710 shares of the company’s stock worth $862,000 after acquiring an additional 60 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of IAC/InterActiveCorp by 6.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock worth $207,000 after acquiring an additional 69 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of IAC/InterActiveCorp by 0.7% in the 4th quarter. Utah Retirement Systems now owns 13,908 shares of the company’s stock worth $2,546,000 after acquiring an additional 100 shares in the last quarter. Highland Capital Management LLC boosted its holdings in shares of IAC/InterActiveCorp by 1.6% in the 4th quarter. Highland Capital Management LLC now owns 7,906 shares of the company’s stock worth $1,447,000 after acquiring an additional 121 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of IAC/InterActiveCorp by 5.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,765 shares of the company’s stock worth $506,000 after acquiring an additional 138 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors.

About IAC/InterActiveCorp

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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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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