Wells Fargo & Co reaffirmed their outperform rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report report published on Monday morning, The Fly reports. They currently have a $168.00 target price on the stock, up from their previous target price of $150.00.

Several other equities analysts have also issued reports on IAC. BidaskClub raised shares of IAC/InterActiveCorp from a hold rating to a buy rating in a report on Saturday. Guggenheim reissued a buy rating and issued a $150.00 price target on shares of IAC/InterActiveCorp in a report on Friday, December 22nd. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a hold rating to a strong sell rating in a report on Tuesday, December 19th. Evercore ISI began coverage on shares of IAC/InterActiveCorp in a report on Tuesday, December 5th. They issued an outperform rating and a $155.00 price target for the company. Finally, ValuEngine lowered shares of IAC/InterActiveCorp from a hold rating to a sell rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $143.62.

IAC/InterActiveCorp (NASDAQ IAC) traded down $0.67 on Monday, reaching $133.54. 714,083 shares of the company’s stock were exchanged, compared to its average volume of 726,067. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 12-month low of $66.35 and a 12-month high of $137.86. The firm has a market cap of $10,960.00, a price-to-earnings ratio of 29.94, a PEG ratio of 4.27 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The business 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 firm posted $0.73 EPS. IAC/InterActiveCorp’s revenue was up 8.4% on a year-over-year basis. equities analysts forecast that IAC/InterActiveCorp will post 0.55 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, Director Edgar Bronfman, Jr. sold 2,289 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total transaction of $281,409.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $126.68, for a total transaction of $3,406,045.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,929 shares of company stock valued at $22,516,569. Company insiders own 11.30% of the company’s stock.

A number of large investors have recently modified their holdings of IAC. Cheyne Capital Management UK LLP bought a new stake in IAC/InterActiveCorp during the 3rd quarter worth about $418,000. Capital Research Global Investors bought a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $94,773,000. Steadfast Capital Management LP raised its holdings in shares of IAC/InterActiveCorp by 56.3% in the 2nd quarter. Steadfast Capital Management LP now owns 2,411,372 shares of the company’s stock valued at $248,950,000 after purchasing an additional 868,790 shares during the period. Renaissance Technologies LLC raised its holdings in shares of IAC/InterActiveCorp by 359.0% in the 2nd quarter. Renaissance Technologies LLC now owns 802,027 shares of the company’s stock valued at $82,801,000 after purchasing an additional 627,300 shares during the period. Finally, Foxhaven Asset Management LP raised its holdings in shares of IAC/InterActiveCorp by 69.0% in the 2nd quarter. Foxhaven Asset Management LP now owns 1,087,662 shares of the company’s stock valued at $112,290,000 after purchasing an additional 444,188 shares during the period. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

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About IAC/InterActiveCorp

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.

The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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