IAC/InterActive (IAC) Receives Average Recommendation of “Buy” from Brokerages
IAC/InterActive (NYSE:IAC) has received an average recommendation of “Buy” from the twenty-one ratings firms that are covering the company. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $74.07.
Several analysts have commented on IAC shares. Zacks Investment Research lowered shares of IAC/InterActive from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 28th. Benchmark Co. increased their price target on shares of IAC/InterActive from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Wells Fargo & Co. raised shares of IAC/InterActive from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 20th. Jefferies Group reissued a “hold” rating and set a $60.00 price target on shares of IAC/InterActive in a research report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. started coverage on shares of IAC/InterActive in a research report on Tuesday, October 11th. They set an “overweight” rating and a $78.00 price target for the company.
Shares of IAC/InterActive (NYSE:IAC) traded down 0.7115% during mid-day trading on Wednesday, reaching $68.2013. 131,195 shares of the company traded hands. The firm has a 50-day moving average price of $64.79 and a 200 day moving average price of $59.42. IAC/InterActive has a 52 week low of $38.82 and a 52 week high of $68.75. The firm’s market capitalization is $5.41 billion.
IAC/InterActive (NYSE:IAC) last issued its earnings results on Wednesday, November 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $764.10 million for the quarter, compared to the consensus estimate of $755.62 million. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, analysts anticipate that IAC/InterActive will post $2.55 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of IAC/InterActive by 5.7% in the third quarter. D.A. Davidson & CO. now owns 9,300 shares of the company’s stock worth $580,000 after buying an additional 500 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of IAC/InterActive during the third quarter worth approximately $124,000. Price T Rowe Associates Inc. MD boosted its stake in shares of IAC/InterActive by 2.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 18,461 shares of the company’s stock worth $1,153,000 after buying an additional 500 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of IAC/InterActive by 25.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 341,654 shares of the company’s stock worth $21,342,000 after buying an additional 69,982 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of IAC/InterActive during the third quarter worth approximately $456,000.
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IAC/InterActive Company Profile
IAC/InterActive Company Profile
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