IAC/InterActiveCorp (NASDAQ:IAC) PT Lowered to $283.00 at Wedbush
IAC/InterActiveCorp (NASDAQ:IAC) had its price objective trimmed by Wedbush from $295.00 to $283.00 in a report published on Monday, The Fly reports. The firm currently has an outperform rating on the stock. Wedbush also issued estimates for IAC/InterActiveCorp’s Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $1.16 EPS, Q3 2020 earnings at $1.32 EPS, Q4 2020 earnings at $1.52 EPS, FY2020 earnings at $4.35 EPS and FY2021 earnings at $7.27 EPS.
Several other research firms also recently commented on IAC. BTIG Research downgraded shares of IAC/InterActiveCorp from a buy rating to a neutral rating in a research note on Friday, December 20th. Oppenheimer upped their price target on shares of IAC/InterActiveCorp from to and gave the company an outperform rating in a research note on Thursday, January 9th. BidaskClub downgraded shares of IAC/InterActiveCorp from a sell rating to a strong sell rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. downgraded shares of IAC/InterActiveCorp from an overweight rating to a neutral rating and decreased their price target for the company from $300.00 to $245.00 in a research note on Friday, November 8th. They noted that the move was a valuation call. Finally, BMO Capital Markets decreased their price target on shares of IAC/InterActiveCorp from $320.00 to $300.00 and set an outperform rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $286.95.
Shares of IAC stock traded up $1.71 on Monday, hitting $237.22. The company’s stock had a trading volume of 38,529 shares, compared to its average volume of 970,194. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.56 and a current ratio of 3.56. The stock’s 50 day moving average is $255.99 and its 200-day moving average is $237.98. IAC/InterActiveCorp has a fifty-two week low of $201.50 and a fifty-two week high of $278.85. The company has a market capitalization of $19.92 billion, a PE ratio of 52.74, a PEG ratio of 1.33 and a beta of 0.91.
In other news, CFO Glenn Schiffman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $225.31, for a total value of $225,310.00. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $225,310. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 12,000 shares of company stock worth $2,936,110. 11.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in IAC/InterActiveCorp by 38.2% during the 4th quarter. Bank of America Corp DE now owns 1,743,248 shares of the company’s stock worth $434,260,000 after purchasing an additional 481,870 shares during the last quarter. Ellington Management Group LLC bought a new position in IAC/InterActiveCorp during the 4th quarter worth approximately $947,000. UBS Asset Management Americas Inc. raised its holdings in IAC/InterActiveCorp by 1.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 575,638 shares of the company’s stock worth $143,397,000 after purchasing an additional 10,560 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in IAC/InterActiveCorp by 9.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,141 shares of the company’s stock worth $782,000 after purchasing an additional 270 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new position in IAC/InterActiveCorp during the 4th quarter worth approximately $2,123,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
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.
Read More: How prevalent are 12b-1 fees?
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.