IAC/InterActiveCorp (IAC) PT Raised to $151.00 at Credit Suisse Group
IAC/InterActiveCorp (NASDAQ:IAC) had its price objective upped by Credit Suisse Group from $129.00 to $151.00 in a research note published on Friday. They currently have an outperform rating on the stock.
Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of IAC/InterActiveCorp from a c+ rating to an a- rating in a report on Thursday, August 3rd. UBS AG reiterated a buy rating and issued a $126.00 target price (up previously from $115.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. Wells Fargo & Company reiterated a buy rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Aegis reiterated a buy rating and issued a $115.00 target price on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Finally, Cowen and Company reiterated a buy rating and issued a $115.00 target price on shares of IAC/InterActiveCorp in a report on Sunday, July 30th. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. IAC/InterActiveCorp presently has an average rating of Buy and a consensus price target of $141.40.
IAC/InterActiveCorp (IAC) traded down $0.34 during mid-day trading on Friday, hitting $123.67. 1,472,200 shares of the company traded hands, compared to its average volume of 743,887. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.07. IAC/InterActiveCorp has a 1-year low of $64.50 and a 1-year high of $137.86. The firm has a market cap of $9,420.00, a price-to-earnings ratio of 99.21, a PEG ratio of 6.80 and a beta of 1.12.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same period in the previous year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts anticipate that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of IAC. ClariVest Asset Management LLC bought a new stake in IAC/InterActiveCorp in the second quarter valued at about $133,000. FNY Partners Fund LP bought a new stake in IAC/InterActiveCorp in the second quarter valued at about $152,000. Timber Hill LLC bought a new stake in IAC/InterActiveCorp in the third quarter valued at about $208,000. Crossmark Global Holdings Inc. bought a new stake in IAC/InterActiveCorp in the third quarter valued at about $212,000. Finally, First Mercantile Trust Co. bought a new stake in IAC/InterActiveCorp in the second quarter valued at about $193,000. Institutional investors own 91.44% of the company’s stock.
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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