IAC/InterActive (NYSE:IAC) – Equities researchers at SunTrust Banks cut their Q4 2016 earnings per share estimates for shares of IAC/InterActive in a research note issued to investors on Monday. SunTrust Banks analyst R. Peck now expects that the brokerage will post earnings of $0.81 per share for the quarter, down from their previous estimate of $0.82. SunTrust Banks has a “Buy” rating and a $73.00 price objective on the stock.

Several other analysts also recently weighed in on IAC. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $62.00) on shares of IAC/InterActive in a report on Tuesday, June 21st. Axiom Securities reaffirmed a “buy” rating on shares of IAC/InterActive in a report on Wednesday, June 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $60.00 target price on shares of IAC/InterActive in a report on Monday, June 27th. Zacks Investment Research raised shares of IAC/InterActive from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, June 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 target price on shares of IAC/InterActive in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.31.

IAC/InterActive (NYSE:IAC) traded down 0.97% during mid-day trading on Tuesday, hitting $61.49. 78,487 shares of the stock traded hands. The company’s market cap is $4.89 billion. IAC/InterActive has a 12-month low of $38.82 and a 12-month high of $72.94. The firm’s 50-day moving average is $60.19 and its 200-day moving average is $55.57.

IAC/InterActive (NYSE:IAC) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.08. The firm had revenue of $745.40 million for the quarter, compared to analyst estimates of $748.73 million. During the same period last year, the business posted $0.85 earnings per share. IAC/InterActive’s revenue for the quarter was down 3.3% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of IAC. Howard Hughes Medical Institute purchased a new position in IAC/InterActive during the second quarter worth $402,000. Contrarius Investment Management Ltd purchased a new position in IAC/InterActive during the second quarter worth $3,104,000. KBC Group NV purchased a new position in IAC/InterActive during the second quarter worth $1,777,000. Swiss National Bank purchased a new position in IAC/InterActive during the second quarter worth $7,178,000. Finally, Suntrust Banks Inc. purchased a new position in IAC/InterActive during the second quarter worth $318,000.

IAC/InterActive Company Profile

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