IAC/InterActiveCorp (NASDAQ:IAC) had its price objective increased by Cowen from $265.00 to $300.00 in a research note published on Wednesday morning, The Fly reports.

Several other research firms have also commented on IAC. BMO Capital Markets lowered IAC/InterActiveCorp from an outperform rating to a market perform rating and increased their target price for the company from $165.00 to $175.00 in a report on Wednesday, December 23rd. KeyCorp increased their target price on IAC/InterActiveCorp from $265.00 to $276.00 and gave the company an overweight rating in a report on Monday, March 29th. BTIG Research raised their price objective on IAC/InterActiveCorp from $180.00 to $211.00 and gave the stock a buy rating in a report on Wednesday, December 23rd. Barclays raised their price objective on IAC/InterActiveCorp from $163.00 to $270.00 and gave the stock an overweight rating in a report on Friday, February 5th. Finally, Wedbush raised their price objective on IAC/InterActiveCorp from $237.00 to $262.00 and gave the stock an outperform rating in a report on Friday, February 5th. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $228.83.

NASDAQ:IAC opened at $231.07 on Wednesday. The business’s fifty day moving average price is $237.64 and its 200 day moving average price is $180.94. IAC/InterActiveCorp has a 12 month low of $100.22 and a 12 month high of $266.00.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, February 3rd. The company reported $5.59 EPS for the quarter, beating the consensus estimate of ($0.52) by $6.11. The business had revenue of $848.82 million during the quarter, compared to analysts’ expectations of $816.45 million. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. Analysts predict that IAC/InterActiveCorp will post -0.73 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its position in IAC/InterActiveCorp by 66.2% in the third quarter. Captrust Financial Advisors now owns 8,804 shares of the company’s stock valued at $1,099,000 after purchasing an additional 3,507 shares during the period. Janney Montgomery Scott LLC lifted its position in IAC/InterActiveCorp by 22.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,080 shares of the company’s stock valued at $1,719,000 after purchasing an additional 1,642 shares during the period. AQR Capital Management LLC lifted its position in IAC/InterActiveCorp by 155.4% in the third quarter. AQR Capital Management LLC now owns 244,758 shares of the company’s stock valued at $29,317,000 after purchasing an additional 148,930 shares during the period. Sei Investments Co. lifted its position in IAC/InterActiveCorp by 188.8% in the fourth quarter. Sei Investments Co. now owns 41,862 shares of the company’s stock valued at $7,927,000 after purchasing an additional 27,366 shares during the period. Finally, CI Investments Inc. acquired a new stake in IAC/InterActiveCorp in the fourth quarter valued at about $1,022,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.

Further Reading: Technical Analysis

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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