IAC/InterActiveCorp (NASDAQ:IAC)’s share price hit a new 52-week high on Monday after Aegis raised their price target on the stock from $200.00 to $240.00. Aegis currently has a buy rating on the stock. IAC/InterActiveCorp traded as high as $195.91 and last traded at $194.21, with a volume of 45935 shares traded. The stock had previously closed at $192.00.

A number of other equities analysts also recently weighed in on IAC. Jefferies Financial Group boosted their price target on IAC/InterActiveCorp to $190.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. They noted that the move was a valuation call. Credit Suisse Group raised IAC/InterActiveCorp to a “buy” rating and set a $194.00 price target on the stock in a research report on Sunday, April 22nd. Benchmark reissued a “buy” rating and set a $176.00 price target on shares of IAC/InterActiveCorp in a research report on Wednesday, May 2nd. Barclays reissued a “buy” rating and set a $178.00 price target on shares of IAC/InterActiveCorp in a research report on Tuesday, May 8th. Finally, Zacks Investment Research downgraded IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, nineteen have given a buy rating and three have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $195.60.

Institutional investors have recently bought and sold shares of the company. Opera Trading Capital acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $243,000. Greenwood Capital Associates LLC acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $244,000. NumerixS Investment Technologies Inc acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $244,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $321,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of IAC/InterActiveCorp in the second quarter valued at approximately $341,000. 85.13% of the stock is currently owned by institutional investors.

The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.64. The stock has a market cap of $16.15 billion, a P/E ratio of 252.36, a P/E/G ratio of 6.49 and a beta of 1.15.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $0.82 by $1.50. IAC/InterActiveCorp had a return on equity of 10.46% and a net margin of 13.09%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. equities research analysts predict that IAC/InterActiveCorp will post 3.97 earnings per share for the current fiscal year.

About IAC/InterActiveCorp (NASDAQ:IAC)

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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