IAC/InterActive (NYSE:IAC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “

A number of other analysts have also weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $74.00 price objective (up from $60.00) on shares of IAC/InterActive in a research note on Sunday, November 6th. Susquehanna reaffirmed a “positive” rating and issued a $91.00 price objective (up from $74.00) on shares of IAC/InterActive in a research note on Sunday, November 6th. Benchmark Co. upped their price objective on shares of IAC/InterActive from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, November 4th. Barclays PLC set a $70.00 price objective on shares of IAC/InterActive and gave the stock a “buy” rating in a research note on Thursday, October 13th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of IAC/InterActive in a research note on Wednesday, October 12th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $72.06.

Analyst Recommendations for IAC/InterActive (NYSE:IAC)

Shares of IAC/InterActive (NYSE:IAC) opened at 65.43 on Wednesday. IAC/InterActive has a one year low of $38.82 and a one year high of $67.60. The stock’s 50 day moving average is $63.87 and its 200-day moving average is $58.21. The stock’s market cap is $5.19 billion.

IAC/InterActive (NYSE:IAC) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business earned $764.10 million during the quarter, compared to analysts’ expectations of $755.62 million. The firm’s revenue was down 8.9% compared to the same quarter last year. On average, equities analysts forecast that IAC/InterActive will post $2.56 EPS for the current year.

A number of institutional investors have recently modified their holdings of IAC. Teacher Retirement System of Texas acquired a new position in shares of IAC/InterActive during the second quarter valued at $609,000. Dimensional Fund Advisors LP acquired a new position in shares of IAC/InterActive during the second quarter valued at $60,838,000. Tower Research Capital LLC TRC acquired a new position in shares of IAC/InterActive during the second quarter valued at $192,000. Swiss National Bank acquired a new position in shares of IAC/InterActive during the second quarter valued at $7,178,000. Finally, Aviva PLC acquired a new position in shares of IAC/InterActive during the second quarter valued at $2,400,000.

About IAC/InterActive

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