IAC/InterActiveCorp (NASDAQ:IAC) SVP Michael H. Schwerdtman Sells 6,676 Shares
IAC/InterActiveCorp (NASDAQ:IAC) SVP Michael H. Schwerdtman sold 6,676 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $255.55, for a total transaction of $1,706,051.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
IAC stock traded down $5.45 during midday trading on Tuesday, reaching $239.58. The company had a trading volume of 1,287,464 shares, compared to its average volume of 738,987. IAC/InterActiveCorp has a 1 year low of $158.29 and a 1 year high of $268.72. The company has a market cap of $21.32 billion, a P/E ratio of 42.86, a P/E/G ratio of 2.59 and a beta of 0.96. The company’s 50-day moving average is $234.86. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.65.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.76%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 EPS. As a group, analysts anticipate that IAC/InterActiveCorp will post 4.8 EPS for the current fiscal year.
Several research firms have recently issued reports on IAC. JPMorgan Chase & Co. raised their price target on shares of IAC/InterActiveCorp from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. BMO Capital Markets boosted their price target on shares of IAC/InterActiveCorp from $319.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group boosted their price target on shares of IAC/InterActiveCorp from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Guggenheim upgraded shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Friday. Finally, Citigroup boosted their price target on shares of IAC/InterActiveCorp from $285.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $287.37.
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.
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