IAC/InterActiveCorp (IAC) Receives $162.33 Average PT from Analysts
Shares of IAC/InterActiveCorp (NASDAQ:IAC) have been given a consensus rating of “Buy” by the twenty-four research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $162.33.
A number of research analysts have issued reports on IAC shares. Cowen reissued a “buy” rating and issued a $155.00 target price on shares of IAC/InterActiveCorp in a research note on Friday, November 10th. Bank of America boosted their target price on IAC/InterActiveCorp from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, November 10th. UBS Group boosted their target price on IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC boosted their target price on IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Citigroup set a $150.00 target price on IAC/InterActiveCorp and gave the company a “buy” rating in a research note on Friday, November 10th.
IAC/InterActiveCorp (NASDAQ IAC) traded up $1.24 during trading hours on Wednesday, reaching $153.77. The company’s stock had a trading volume of 255,879 shares, compared to its average volume of 820,696. IAC/InterActiveCorp has a 1 year low of $72.00 and a 1 year high of $154.53. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $12,505.02, a PE ratio of 190.66, a price-to-earnings-growth ratio of 4.68 and a beta of 1.31.
In related news, Director Edgar Bronfman, Jr. sold 2,289 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total transaction of $281,409.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark J. Stein sold 26,887 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The disclosure for this sale can be found here. Insiders have sold 91,429 shares of company stock valued at $11,605,414 over the last ninety days. 11.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Columbus Circle Investors raised its holdings in IAC/InterActiveCorp by 6.6% during the third quarter. Columbus Circle Investors now owns 237,228 shares of the company’s stock worth $27,893,000 after acquiring an additional 14,647 shares in the last quarter. First Manhattan Co. raised its holdings in IAC/InterActiveCorp by 0.7% during the fourth quarter. First Manhattan Co. now owns 618,786 shares of the company’s stock worth $75,665,000 after acquiring an additional 4,331 shares in the last quarter. Caxton Associates LP bought a new stake in IAC/InterActiveCorp during the third quarter worth about $2,940,000. Pacific Grove Capital LP bought a new stake in IAC/InterActiveCorp during the third quarter worth about $3,682,000. Finally, Barings LLC bought a new stake in IAC/InterActiveCorp during the third quarter worth about $1,071,000. Institutional investors and hedge funds own 86.45% of the company’s stock.
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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.
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