IAC/InterActiveCorp (IAC) Stock Rating Reaffirmed by Needham & Company LLC

IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Friday.

A number of other brokerages have also recently weighed in on IAC. BMO Capital Markets reissued a “buy” rating and issued a $160.00 price target (up previously from $130.00) on shares of IAC/InterActiveCorp in a research note on Friday, October 13th. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 13th. Wells Fargo & Co reissued a “buy” rating and issued a $150.00 price target (up previously from $125.00) on shares of IAC/InterActiveCorp in a research note on Thursday, October 19th. Barclays lifted their price target on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.59.

IAC/InterActiveCorp (NASDAQ:IAC) opened at $137.19 on Friday. The stock has a market capitalization of $11,460.00, a PE ratio of 38.75, a P/E/G ratio of 4.16 and a beta of 1.38. IAC/InterActiveCorp has a fifty-two week low of $72.00 and a fifty-two week high of $150.59. 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 (NASDAQ:IAC) last released its earnings results 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). The firm had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a return on equity of 2.57% and a net margin of 9.22%. IAC/InterActiveCorp’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. analysts anticipate that IAC/InterActiveCorp will post 3.89 EPS for the current year.

In other news, Director Edgar Bronfman, Jr. sold 2,289 shares of IAC/InterActiveCorp stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total transaction of $281,409.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David S. Rosenblatt sold 6,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $133.00, for a total value of $798,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,929 shares of company stock valued at $22,516,569. 10.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of IAC/InterActiveCorp by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock valued at $689,000 after buying an additional 25 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of IAC/InterActiveCorp by 1.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after buying an additional 104 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of IAC/InterActiveCorp by 0.6% during the 2nd quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock valued at $2,778,000 after buying an additional 150 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its holdings in IAC/InterActiveCorp by 9.7% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 3,950 shares of the company’s stock worth $483,000 after purchasing an additional 350 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in IAC/InterActiveCorp by 16.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock worth $271,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 86.50% 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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