Investment analysts at Aegis started coverage on shares of IAC/InterActive (NYSE:IAC) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

Several other research firms have also recently issued reports on IAC. Zacks Investment Research cut IAC/InterActive from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Benchmark Co. boosted their target price on shares of IAC/InterActive from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, November 4th. Susquehanna reiterated a “positive” rating and set a $91.00 target price (up from $74.00) on shares of IAC/InterActive in a research note on Sunday, November 6th. Jefferies Group reiterated a “hold” rating and set a $74.00 target price (up from $60.00) on shares of IAC/InterActive in a research note on Sunday, November 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of IAC/InterActive in a research note on Tuesday, October 11th. They set an “overweight” rating and a $78.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company 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 66.53 on Friday. The firm has a 50-day moving average price of $64.28 and a 200-day moving average price of $58.87. The stock’s market capitalization is $5.28 billion. IAC/InterActive has a 52-week low of $38.82 and a 52-week high of $67.60.

IAC/InterActive (NYSE:IAC) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business earned $764.10 million during the quarter, compared to the consensus estimate of $755.62 million. The firm’s revenue was down 8.9% on a year-over-year basis. On average, analysts predict that IAC/InterActive will post $2.55 EPS for the current year.

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

About IAC/InterActive

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