IAC/InterActiveCorp (IAC) Price Target Raised to $248.00
IAC/InterActiveCorp (NASDAQ:IAC) had its target price boosted by equities research analysts at Citigroup from $200.00 to $248.00 in a research note issued on Friday, The Fly reports. The brokerage currently has a “reduce” rating on the stock. Citigroup’s price objective would indicate a potential upside of 28.50% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Thursday. ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and issued a $216.00 price objective on shares of IAC/InterActiveCorp in a report on Friday, July 13th. Barclays boosted their price target on shares of IAC/InterActiveCorp from $34.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, May 11th. Finally, Piper Jaffray Companies dropped their price target on shares of IAC/InterActiveCorp to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. IAC/InterActiveCorp has a consensus rating of “Buy” and a consensus price target of $193.70.
IAC stock traded up $10.40 during trading on Friday, hitting $193.00. The company had a trading volume of 2,033,620 shares, compared to its average volume of 801,434. The company has a market capitalization of $14.05 billion, a P/E ratio of 250.65, a PEG ratio of 5.65 and a beta of 1.15. IAC/InterActiveCorp has a fifty-two week low of $100.57 and a fifty-two week high of $195.27. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.64.
A number of institutional investors have recently modified their holdings of the business. Opera Trading Capital acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $243,000. Greenwood Capital Associates LLC acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $244,000. NumerixS Investment Technologies Inc acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $244,000. Cambridge Investment Research Advisors Inc. acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $321,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $341,000. Hedge funds and other institutional investors own 84.84% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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