IAC/InterActive (IAC) Upgraded by TheStreet to Buy
Several other equities research analysts have also recently weighed in on IAC. Wells Fargo & Co. upgraded IAC/InterActive from a market perform rating to an outperform rating in a research note on Tuesday, September 20th. Susquehanna restated a positive rating and set a $74.00 target price on shares of IAC/InterActive in a research note on Monday, August 8th. BMO Capital Markets restated an outperform rating and set a $75.00 target price on shares of IAC/InterActive in a research note on Friday, July 29th. Jefferies Group reiterated a hold rating and set a $74.00 price target (up from $60.00) on shares of IAC/InterActive in a report on Sunday, November 6th. Finally, Axiom Securities reiterated a buy rating and set a $80.00 price target (up from $74.00) on shares of IAC/InterActive in a report on Friday, October 7th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $72.53.
IAC/InterActive (NYSE:IAC) traded up 0.34% on Monday, reaching $68.69. The stock’s market cap is $5.45 billion. The stock’s 50-day moving average is $64.79 and its 200-day moving average is $59.42. IAC/InterActive has a 12 month low of $38.82 and a 12 month high of $68.75.
IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, November 2nd. The company reported $0.73 earnings per share for the quarter, topping the 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 business’s revenue was down 8.9% compared to the same quarter last year. Analysts forecast that IAC/InterActive will post $2.55 earnings per share for the current year.
A number of large investors have recently bought and sold shares of IAC. Vanguard Group Inc. purchased a new stake in IAC/InterActive during the second quarter valued at approximately $301,777,000. Boston Partners purchased a new stake in IAC/InterActive during the second quarter valued at approximately $230,954,000. Artisan Partners Limited Partnership purchased a new stake in IAC/InterActive during the second quarter valued at approximately $123,187,000. BlackRock Institutional Trust Company N.A. purchased a new stake in IAC/InterActive during the second quarter valued at approximately $114,075,000. Finally, Luxor Capital Group LP purchased a new stake in IAC/InterActive during the second quarter valued at approximately $113,704,000.
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