IAC/InterActiveCorp (IAC) Rating Reiterated by Guggenheim
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reissued by equities researchers at Guggenheim in a research report issued on Tuesday. They presently have a $135.00 price target on the stock, up from their prior price target of $130.00. Guggenheim’s price target indicates a potential upside of 10.27% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Barclays PLC restated an “overweight” rating and issued a $130.00 target price (up from $105.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Aegis restated a “buy” rating and issued a $125.00 target price (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. Bank of America Corporation restated a “buy” rating and issued a $133.00 target price on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. Piper Jaffray Companies upped their target price on IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Finally, TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. IAC/InterActiveCorp presently has an average rating of “Buy” and an average price target of $114.95.
IAC/InterActiveCorp (NASDAQ IAC) traded down 0.89% during mid-day trading on Tuesday, reaching $121.34. The company had a trading volume of 343,381 shares. The stock has a market capitalization of $9.68 billion, a P/E ratio of 43.37 and a beta of 1.14. The stock has a 50 day moving average price of $112.67 and a 200-day moving average price of $100.19. IAC/InterActiveCorp has a 12-month low of $60.39 and a 12-month high of $123.49.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The business had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. Equities analysts anticipate that IAC/InterActiveCorp will post $3.08 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of IAC. US Bancorp DE boosted its holdings in IAC/InterActiveCorp by 22.5% during the 1st quarter. US Bancorp DE now owns 5,231 shares of the company’s stock valued at $386,000 after acquiring an additional 960 shares during the period. Bank of New York Mellon Corp boosted its holdings in IAC/InterActiveCorp by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 352,000 shares of the company’s stock valued at $25,949,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in IAC/InterActiveCorp by 16.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,079 shares of the company’s stock valued at $227,000 after acquiring an additional 430 shares during the period. Comerica Bank boosted its holdings in IAC/InterActiveCorp by 0.7% during the 1st quarter. Comerica Bank now owns 3,269 shares of the company’s stock valued at $272,000 after acquiring an additional 23 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in IAC/InterActiveCorp by 15.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 56,047 shares of the company’s stock valued at $4,132,000 after acquiring an additional 7,535 shares during the period. Institutional investors own 85.19% of the company’s stock.
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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