JPMorgan Chase & Co. began coverage on shares of IAC/InterActive (NYSE:IAC) in a research note issued to investors on Tuesday. The firm set an “overweight” rating on the stock.

Other equities analysts have also issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of IAC/InterActive in a research note on Monday, August 1st. Axiom Securities restated a “buy” rating on shares of IAC/InterActive in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded IAC/InterActive from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, June 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. IAC/InterActive presently has a consensus rating of “Buy” and an average target price of $67.40.

Analyst Recommendations for IAC/InterActive (NYSE:IAC)

IAC/InterActive (NYSE:IAC) opened at 62.40 on Tuesday. The firm has a 50-day moving average price of $59.93 and a 200 day moving average price of $55.47. IAC/InterActive has a 1-year low of $38.82 and a 1-year high of $73.15. The firm’s market cap is $4.97 billion.

IAC/InterActive (NYSE:IAC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The business earned $745.40 million during the quarter, compared to analysts’ expectations of $748.73 million. During the same quarter in the previous year, the business posted $0.85 EPS. IAC/InterActive’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts predict that IAC/InterActive will post $2.58 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of IAC/InterActive during the second quarter valued at approximately $301,777,000. Boston Partners bought a new position in shares of IAC/InterActive during the second quarter valued at approximately $230,954,000. Artisan Partners Limited Partnership bought a new position in shares of IAC/InterActive during the second quarter valued at approximately $123,187,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of IAC/InterActive during the second quarter valued at approximately $114,075,000. Finally, Luxor Capital Group LP bought a new position in shares of IAC/InterActive during the second quarter valued at approximately $113,704,000.

IAC/InterActive Company Profile

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