IAC/InterActiveCorp (IAC) Upgraded to “Hold” by Zacks Investment Research
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. “
IAC has been the topic of a number of other research reports. Aegis increased their price target on shares of IAC/InterActiveCorp from $80.00 to $86.00 and gave the stock a buy rating in a report on Wednesday, February 8th. BMO Capital Markets reissued an outperform rating and issued a $85.00 price target (up previously from $81.00) on shares of IAC/InterActiveCorp in a report on Friday, February 3rd. Credit Suisse Group AG began coverage on shares of IAC/InterActiveCorp in a report on Wednesday, January 11th. They issued an outperform rating and a $83.00 price target on the stock. SunTrust Banks, Inc. increased their price target on shares of IAC/InterActiveCorp from $78.00 to $82.00 and gave the stock a buy rating in a report on Friday, February 3rd. Finally, Stifel Nicolaus increased their price target on shares of IAC/InterActiveCorp from $65.00 to $70.00 and gave the stock a hold rating in a report on Thursday, January 19th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $84.00.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up 2.35% on Thursday, hitting $78.54. 668,813 shares of the stock traded hands. The stock has a 50 day moving average price of $74.18 and a 200-day moving average price of $69.69. The stock’s market cap is $6.11 billion. IAC/InterActiveCorp has a 52 week low of $45.55 and a 52 week high of $78.74.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.43. The firm had revenue of $811.20 million for the quarter, compared to analyst estimates of $781.60 million. IAC/InterActiveCorp had a negative net margin of 1.31% and a positive return on equity of 8.91%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities research analysts forecast that IAC/InterActiveCorp will post $3.36 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in IAC/InterActiveCorp during the fourth quarter valued at approximately $50,583,000. Russell Investments Group Ltd. bought a new stake in IAC/InterActiveCorp during the fourth quarter valued at approximately $23,196,000. Assenagon Asset Management S.A. bought a new stake in IAC/InterActiveCorp during the fourth quarter valued at approximately $17,862,000. Davidson Kempner Capital Management LP boosted its stake in IAC/InterActiveCorp by 40.7% in the fourth quarter. Davidson Kempner Capital Management LP now owns 950,000 shares of the company’s stock valued at $61,560,000 after buying an additional 275,000 shares in the last quarter. Finally, TT International bought a new stake in IAC/InterActiveCorp during the third quarter valued at approximately $9,261,000. 85.76% of the stock is owned by hedge funds and other institutional investors.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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