IAC/InterActiveCorp (IAC) Given a $150.00 Price Target at Citigroup Inc.
IAC/InterActiveCorp (NASDAQ:IAC) has been assigned a $150.00 price objective by research analysts at Citigroup Inc. in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 20.96% from the stock’s current price.
IAC has been the subject of several other reports. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $140.00 price target (up from $114.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $150.00 price objective on shares of IAC/InterActiveCorp in a research report on Wednesday, October 11th. Guggenheim reiterated a “buy” rating and issued a $135.00 price objective (up previously from $130.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, October 3rd. Finally, UBS AG reiterated a “buy” rating and issued a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $141.40.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down $0.90 during midday trading on Friday, hitting $124.01. The company had a trading volume of 1,995,200 shares, compared to its average volume of 740,546. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 52-week low of $64.50 and a 52-week high of $137.86. The firm has a market capitalization of $9,890.17, a P/E ratio of 99.21, a PEG ratio of 6.80 and a beta of 1.12.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The company had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. During the same period in the prior year, the business earned $0.73 earnings per share. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts expect that IAC/InterActiveCorp will post 2.19 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “IAC/InterActiveCorp (IAC) Given a $150.00 Price Target at Citigroup Inc.” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/citigroup-inc-increases-iacinteractivecorp-iac-price-target-to-150-00/1692473.html.
Institutional investors and hedge funds have recently bought and sold shares of the stock. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp during the second quarter valued at $133,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp during the second quarter valued at $152,000. Timber Hill LLC acquired a new stake in shares of IAC/InterActiveCorp during the third quarter valued at $208,000. Crossmark Global Holdings Inc. acquired a new stake in shares of IAC/InterActiveCorp during the third quarter valued at $212,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of IAC/InterActiveCorp during the second quarter valued at $193,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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 Analyst Ratings Network's FREE daily email newsletter.