IAC/InterActiveCorp (NASDAQ:IAC) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

IAC has been the subject of a number of other reports. Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Jefferies Financial Group boosted their target price on IAC/InterActiveCorp to $240.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. JPMorgan Chase & Co. boosted their target price on IAC/InterActiveCorp from $186.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Citigroup boosted their target price on IAC/InterActiveCorp from $200.00 to $248.00 and gave the company a “reduce” rating in a research report on Friday, August 10th. Finally, Deutsche Bank started coverage on IAC/InterActiveCorp in a research report on Wednesday, May 30th. They issued a “buy” rating and a $189.35 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have given 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 price target of $199.75.

IAC stock opened at $210.49 on Friday. IAC/InterActiveCorp has a 1-year low of $113.01 and a 1-year high of $223.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a market capitalization of $17.52 billion, a PE ratio of 273.36, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $1.50. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $0.74 EPS. The firm’s revenue was up 38.0% compared to the same quarter last year. analysts expect that IAC/InterActiveCorp will post 5.18 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. acquired a new position in IAC/InterActiveCorp during the 2nd quarter valued at about $4,589,000. Northern Trust Corp boosted its stake in IAC/InterActiveCorp by 25.1% during the 2nd quarter. Northern Trust Corp now owns 566,443 shares of the company’s stock valued at $86,376,000 after purchasing an additional 113,610 shares during the last quarter. FMR LLC boosted its stake in IAC/InterActiveCorp by 331.1% during the 2nd quarter. FMR LLC now owns 651,459 shares of the company’s stock valued at $99,341,000 after purchasing an additional 500,359 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in IAC/InterActiveCorp by 66.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 14,679 shares of the company’s stock valued at $2,238,000 after purchasing an additional 5,843 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in IAC/InterActiveCorp by 1.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,436 shares of the company’s stock valued at $4,641,000 after purchasing an additional 364 shares during the last quarter. Institutional investors and hedge funds own 86.38% 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.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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