IAC/InterActiveCorp (IAC) Receives Average Rating of “Buy” from Brokerages

Shares of IAC/InterActiveCorp (NASDAQ:IAC) have earned a consensus recommendation of “Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $141.83.

A number of research firms have recently weighed in on IAC. Susquehanna Bancshares Inc restated a “positive” rating and issued a $140.00 price target (up from $114.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. BidaskClub upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $150.00 target price on shares of IAC/InterActiveCorp in a research report on Wednesday, October 11th. Needham & Company LLC lifted their target price on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Guggenheim reiterated a “buy” rating and set a $135.00 target price (up from $130.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, October 3rd.

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A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in IAC/InterActiveCorp by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after purchasing an additional 149,182 shares in the last quarter. Cheyne Capital Management UK LLP bought a new stake in IAC/InterActiveCorp during the 3rd quarter valued at $418,000. Canada Pension Plan Investment Board increased its stake in IAC/InterActiveCorp by 6.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock valued at $397,812,000 after purchasing an additional 208,227 shares in the last quarter. BlackRock Inc. increased its stake in IAC/InterActiveCorp by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after purchasing an additional 83,794 shares in the last quarter. Finally, Boston Partners increased its stake in IAC/InterActiveCorp by 0.8% during the 3rd quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after purchasing an additional 23,366 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.

IAC/InterActiveCorp (NASDAQ:IAC) traded up $2.77 on Monday, hitting $127.22. 952,000 shares of the stock were exchanged, compared to its average volume of 750,099. IAC/InterActiveCorp has a one year low of $64.50 and a one year high of $137.86. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. The firm has a market cap of $10,430.00, a P/E ratio of 101.78, a P/E/G ratio of 28.01 and a beta of 1.12.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share 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 company had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts predict that IAC/InterActiveCorp will post 0.55 earnings per share for the current fiscal year.

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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