IAC/InterActiveCorp (NASDAQ:IAC) has received an average recommendation of “Buy” from the twenty-two brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $221.39.

A number of equities research analysts recently weighed in on IAC shares. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. UBS Group raised their price target on shares of IAC/InterActiveCorp from $224.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Jefferies Financial Group raised their price target on shares of IAC/InterActiveCorp to $240.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of IAC/InterActiveCorp from $186.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Finally, BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd.

In other news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $199.05, for a total value of $398,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Soros Fund Management LLC boosted its holdings in shares of IAC/InterActiveCorp by 2.6% in the 2nd quarter. Soros Fund Management LLC now owns 167,700 shares of the company’s stock valued at $25,573,000 after buying an additional 4,200 shares during the period. Inverness Counsel LLC NY boosted its holdings in shares of IAC/InterActiveCorp by 417.9% in the 2nd quarter. Inverness Counsel LLC NY now owns 139,705 shares of the company’s stock valued at $21,304,000 after buying an additional 112,732 shares during the period. Cadian Capital Management LP boosted its holdings in shares of IAC/InterActiveCorp by 33.4% in the 2nd quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock valued at $291,292,000 after buying an additional 478,270 shares during the period. Oakbrook Investments LLC boosted its holdings in shares of IAC/InterActiveCorp by 107.0% in the 3rd quarter. Oakbrook Investments LLC now owns 4,644 shares of the company’s stock valued at $1,006,000 after buying an additional 2,400 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $107,000. 86.13% of the stock is owned by institutional investors and hedge funds.

IAC traded up $0.24 during trading hours on Monday, reaching $186.55. 1,856,447 shares of the stock traded hands, compared to its average volume of 910,872. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 242.27, a PEG ratio of 2.32 and a beta of 1.35. IAC/InterActiveCorp has a fifty-two week low of $118.83 and a fifty-two week high of $223.54. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.61.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.46. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 16.15%. The business’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. On average, analysts forecast that IAC/InterActiveCorp will post 5.33 earnings per share for the current fiscal year.

About IAC/InterActiveCorp

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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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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