IAC/InterActive (NYSE:IAC)‘s stock had its “buy” rating reiterated by equities researchers at Axiom Securities in a report issued on Friday. They presently have a $80.00 price target on the stock, up from their prior price target of $74.00. Axiom Securities’ price target would suggest a potential upside of 28.78% from the stock’s current price.

Other analysts have also issued reports about the stock. Jefferies Group restated a “hold” rating and set a $60.00 price objective on shares of IAC/InterActive in a research note on Monday, July 25th. Susquehanna reiterated a “positive” rating and issued a $74.00 price target on shares of IAC/InterActive in a research note on Monday, August 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price target on shares of IAC/InterActive in a research note on Tuesday, August 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of IAC/InterActive in a research note on Monday, August 1st. Finally, Zacks Investment Research lowered shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. IAC/InterActive presently has an average rating of “Buy” and a consensus price target of $67.40.

Shares of IAC/InterActive (NYSE:IAC) opened at 62.12 on Friday. The stock’s market capitalization is $4.94 billion. The firm has a 50-day moving average of $59.67 and a 200 day moving average of $55.12. IAC/InterActive has a 1-year low of $38.82 and a 1-year high of $73.15.

IAC/InterActive (NYSE:IAC) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $745.40 million for the quarter, compared to analyst estimates of $748.73 million. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Analysts predict that IAC/InterActive will post $2.58 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in IAC/InterActive during the second quarter worth $301,777,000. Boston Partners purchased a new position in IAC/InterActive during the second quarter worth $230,954,000. Artisan Partners Limited Partnership purchased a new position in IAC/InterActive during the second quarter worth $123,187,000. BlackRock Institutional Trust Company N.A. purchased a new position in IAC/InterActive during the second quarter worth $114,075,000. Finally, Luxor Capital Group LP purchased a new position in IAC/InterActive during the second quarter worth $113,704,000.

About IAC/InterActive

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