IAC/InterActiveCorp (NASDAQ:IAC) had its target price upped by analysts at Nomura to $239.00 in a report released on Monday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Nomura’s target price would suggest a potential upside of 10.67% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Wells Fargo & Co reduced their price objective on shares of IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. BidaskClub raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. BMO Capital Markets lifted their price objective on shares of IAC/InterActiveCorp to $282.00 and gave the stock an “outperform” rating in a research note on Friday, November 9th. Bank of America reduced their price objective on shares of IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 8th. Finally, Macquarie started coverage on shares of IAC/InterActiveCorp in a research note on Wednesday, November 28th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $236.24.

Shares of NASDAQ IAC opened at $215.96 on Monday. The stock has a market capitalization of $18.04 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.77 and a current ratio of 2.77. IAC/InterActiveCorp has a 1 year low of $128.80 and a 1 year high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Thursday, February 7th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $1.05. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.53%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Analysts expect that IAC/InterActiveCorp will post 4.85 EPS for the current year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $178.91, for a total value of $178,910.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 4,000 shares of company stock worth $796,530. Insiders own 10.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its holdings in IAC/InterActiveCorp by 153.4% during the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after buying an additional 890,730 shares during the last quarter. FMR LLC increased its holdings in IAC/InterActiveCorp by 118.6% during the third quarter. FMR LLC now owns 1,423,857 shares of the company’s stock worth $308,578,000 after buying an additional 772,398 shares during the last quarter. BlackRock Inc. increased its holdings in IAC/InterActiveCorp by 16.8% during the fourth quarter. BlackRock Inc. now owns 5,259,290 shares of the company’s stock worth $962,663,000 after buying an additional 756,555 shares during the last quarter. Senator Investment Group LP acquired a new position in IAC/InterActiveCorp during the third quarter worth $92,106,000. Finally, Eagle Asset Management Inc. increased its holdings in IAC/InterActiveCorp by 1,349.2% during the third quarter. Eagle Asset Management Inc. now owns 364,843 shares of the company’s stock worth $79,068,000 after buying an additional 339,668 shares during the last quarter. Institutional investors own 88.67% 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.

Featured Article: Why do earnings reports matter?

The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.