IAC/InterActiveCorp (IAC) Price Target Raised to $150.00
IAC/InterActiveCorp (NASDAQ:IAC) had its target price raised by Needham & Company LLC from $130.00 to $150.00 in a research note issued to investors on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.
IAC has been the topic of a number of other reports. Susquehanna Bancshares Inc reissued a positive rating and issued a $140.00 price objective (up from $114.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. BidaskClub raised IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research note on Friday, October 13th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $150.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Guggenheim reaffirmed a buy rating and set a $135.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, October 3rd. Finally, UBS AG reaffirmed a buy rating and set a $126.00 price target (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $141.40.
Shares of IAC/InterActiveCorp (IAC) traded down $0.90 during trading hours on Friday, hitting $124.01. The stock had a trading volume of 1,995,200 shares, compared to its average volume of 740,546. The firm has a market cap of $9,890.17, a P/E ratio of 99.21, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. IAC/InterActiveCorp has a 12 month low of $64.50 and a 12 month high of $137.86.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. research analysts predict that IAC/InterActiveCorp will post 2.19 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of IAC/InterActiveCorp by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock valued at $689,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE grew its holdings in shares of IAC/InterActiveCorp by 0.6% in the second quarter. US Bancorp DE now owns 5,261 shares of the company’s stock valued at $543,000 after acquiring an additional 30 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of IAC/InterActiveCorp by 1.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after acquiring an additional 104 shares in the last quarter. Keybank National Association OH grew its holdings in shares of IAC/InterActiveCorp by 1.7% in the second quarter. Keybank National Association OH now owns 8,987 shares of the company’s stock valued at $928,000 after acquiring an additional 150 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of IAC/InterActiveCorp by 0.6% in the second quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock valued at $2,778,000 after acquiring an additional 150 shares in the last quarter. 91.44% of the stock is owned by institutional investors.
IAC/InterActiveCorp Company Profile
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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