IAC/InterActiveCorp (IAC) Price Target Increased to $155.00 by Analysts at UBS AG
IAC/InterActiveCorp (NASDAQ:IAC) had its price objective raised by UBS AG from $135.00 to $155.00 in a research report sent to investors on Friday morning. They currently have a buy rating on the stock.
A number of other analysts have also commented on the stock. Susquehanna Bancshares Inc reiterated a positive rating and issued a $140.00 price target (up from $114.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. BidaskClub upgraded shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research note on Friday, October 13th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $150.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Needham & Company LLC lifted their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a buy rating in a research note on Friday. Finally, Guggenheim reiterated a buy rating and issued a $135.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. IAC/InterActiveCorp presently has an average rating of Buy and an average target price of $141.40.
Shares of IAC/InterActiveCorp (IAC) traded down $0.90 during trading on Friday, reaching $124.01. 1,995,200 shares of the company’s stock traded hands, compared to its average volume of 740,546. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $9,890.17, a PE ratio of 99.21, a PEG ratio of 6.80 and a beta of 1.12. IAC/InterActiveCorp has a twelve month low of $64.50 and a twelve month high of $137.86.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. research analysts forecast that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of IAC. ClariVest Asset Management LLC bought a new position in shares of IAC/InterActiveCorp in the second quarter worth approximately $133,000. FNY Partners Fund LP purchased a new position in shares of IAC/InterActiveCorp in the second quarter worth $152,000. First Mercantile Trust Co. purchased a new position in shares of IAC/InterActiveCorp in the second quarter worth $193,000. Virtu Financial LLC purchased a new position in shares of IAC/InterActiveCorp in the second quarter worth $201,000. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of IAC/InterActiveCorp in the second quarter worth $202,000. Institutional investors and hedge funds own 91.44% of the company’s stock.
IAC/InterActiveCorp Company Profile
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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