IAC/InterActiveCorp (IAC) Price Target Raised to $166.00
IAC/InterActiveCorp (NASDAQ:IAC) had its target price lifted by Bank of America Corporation from $150.00 to $166.00 in a report released on Friday morning. Bank of America Corporation currently has a buy rating on the stock.
A number of other research firms also recently weighed in on IAC. BidaskClub raised IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research note on Thursday, November 2nd. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $141.00 price target on shares of IAC/InterActiveCorp in a research note on Thursday. Jefferies Group LLC reaffirmed a buy rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. UBS AG raised their price target on IAC/InterActiveCorp from $135.00 to $155.00 and gave the stock a buy rating in a research note on Friday. Finally, Citigroup Inc. set a $150.00 price target on IAC/InterActiveCorp and gave the stock a buy rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $141.40.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down $0.90 during midday trading on Friday, reaching $124.01. The company’s stock had a trading volume of 1,995,200 shares, compared to its average volume of 740,546. IAC/InterActiveCorp has a 12-month low of $64.50 and a 12-month high of $137.86. The firm has a market cap of $9,890.17, a price-to-earnings ratio of 99.21, a PEG 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 (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate 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 quarter in the previous year, the business posted $0.73 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that IAC/InterActiveCorp will post 2.19 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in IAC. Principal Financial Group Inc. acquired a new stake in shares of IAC/InterActiveCorp during the 1st quarter worth approximately $1,030,000. Wellington Management Group LLP acquired a new stake in shares of IAC/InterActiveCorp during the 1st quarter worth approximately $560,000. Renaissance Technologies LLC grew its holdings in shares of IAC/InterActiveCorp by 282.3% during the 1st quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock worth $12,881,000 after purchasing an additional 129,027 shares in the last quarter. BlackRock Inc. grew its holdings in shares of IAC/InterActiveCorp by 25,135.6% during the 1st quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock worth $235,319,000 after purchasing an additional 3,179,406 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of IAC/InterActiveCorp by 2.1% during the 1st quarter. State Street Corp now owns 1,119,128 shares of the company’s stock worth $82,505,000 after purchasing an additional 22,620 shares in the last quarter. 91.44% of the stock is currently 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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