BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a sell rating to a hold rating in a research report report published on Saturday morning, BidAskClub reports.

A number of other brokerages have also issued reports on IAC. Nomura restated a buy rating and issued a $285.00 target price on shares of IAC/InterActiveCorp in a research note on Sunday, December 22nd. Zacks Investment Research upgraded IAC/InterActiveCorp from a strong sell rating to a hold rating in a research note on Saturday, January 11th. Wells Fargo & Co lifted their price objective on IAC/InterActiveCorp from $285.00 to $320.00 in a research note on Friday, January 17th. They noted that the move was a valuation call. Benchmark reduced their price objective on IAC/InterActiveCorp from $300.00 to $285.00 and set a buy rating for the company in a research note on Friday, November 8th. Finally, Oppenheimer lifted their price objective on IAC/InterActiveCorp from to and gave the company an outperform rating in a research note on Thursday, January 9th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. IAC/InterActiveCorp has an average rating of Buy and an average target price of $285.10.

IAC/InterActiveCorp stock opened at $272.49 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.56 and a quick ratio of 3.56. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 1.42 and a beta of 0.90. IAC/InterActiveCorp has a 1-year low of $195.73 and a 1-year high of $278.85. The business has a fifty day moving average price of $245.69 and a 200-day moving average price of $236.28.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 6th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.33. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. IAC/InterActiveCorp had a return on equity of 11.57% and a net margin of 11.25%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. On average, equities research analysts anticipate that IAC/InterActiveCorp will post 4.5 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $225.31, for a total value of $225,310.00. Following the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $225,310. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 9,000 shares of company stock worth $2,203,270. Corporate insiders own 11.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of IAC. MML Investors Services LLC increased its position in shares of IAC/InterActiveCorp by 10.3% during the second quarter. MML Investors Services LLC now owns 2,258 shares of the company’s stock worth $491,000 after acquiring an additional 210 shares during the period. HighTower Advisors LLC grew its stake in shares of IAC/InterActiveCorp by 4.5% during the second quarter. HighTower Advisors LLC now owns 5,014 shares of the company’s stock worth $1,093,000 after purchasing an additional 217 shares in the last quarter. US Bancorp DE grew its stake in shares of IAC/InterActiveCorp by 2.6% during the second quarter. US Bancorp DE now owns 3,097 shares of the company’s stock worth $674,000 after purchasing an additional 79 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of IAC/InterActiveCorp by 18.5% during the second quarter. Private Advisor Group LLC now owns 1,688 shares of the company’s stock worth $362,000 after purchasing an additional 263 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of IAC/InterActiveCorp by 3.1% during the second quarter. Vanguard Group Inc. now owns 7,033,024 shares of the company’s stock worth $1,529,893,000 after purchasing an additional 213,132 shares in the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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