IAC/InterActiveCorp (IAC) Upgraded to Hold by ValuEngine
IAC/InterActiveCorp (NASDAQ:IAC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
Other analysts also recently issued reports about the company. Guggenheim restated a “buy” rating and issued a $135.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, October 3rd. BidaskClub upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Benchmark boosted their price target on IAC/InterActiveCorp from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. BMO Capital Markets restated a “buy” rating and issued a $160.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a research note on Friday, October 13th. Finally, Jefferies Group restated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $143.62.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up $1.02 during midday trading on Wednesday, hitting $134.70. The stock had a trading volume of 376,788 shares, compared to its average volume of 707,675. The company has a market cap of $11,043.25, a P/E ratio of 107.76, a P/E/G ratio of 4.16 and a beta of 1.10. IAC/InterActiveCorp has a one year low of $66.35 and a one year high of $137.86. 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 released its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. equities analysts predict that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.
In other news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total transaction of $10,113,155.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total value of $281,409.66. The disclosure for this sale can be found here. Insiders sold a total of 175,929 shares of company stock valued at $22,516,569 over the last ninety days. Insiders own 10.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of IAC. Schwab Charles Investment Management Inc. raised its holdings in shares of IAC/InterActiveCorp by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,744 shares of the company’s stock worth $26,300,000 after buying an additional 1,010 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in shares of IAC/InterActiveCorp during the 2nd quarter worth $233,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of IAC/InterActiveCorp by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,618 shares of the company’s stock worth $270,000 after buying an additional 216 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of IAC/InterActiveCorp by 27.6% during the 2nd quarter. Principal Financial Group Inc. now owns 17,826 shares of the company’s stock worth $1,841,000 after buying an additional 3,856 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of IAC/InterActiveCorp during the 2nd quarter worth $475,000. 86.61% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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