IAC/InterActiveCorp’s (NASDAQ:IAC) “Outperform” Rating Reiterated at Oppenheimer Holdings, Inc.
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “outperform” rating restated by analysts at Oppenheimer Holdings, Inc. in a research note issued on Wednesday. They presently have a $127.00 price objective on the stock, up from their prior price objective of $120.00. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 20.63% from the company’s current price.
Several other brokerages have also recently issued reports on IAC. Wells Fargo & Company restated a “buy” rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. UBS AG restated 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. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a report on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and issued a $130.00 target price (up previously from $105.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $130.00 target price (up previously from $111.00) on shares of IAC/InterActiveCorp in a report on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $107.20.
IAC/InterActiveCorp (NASDAQ IAC) traded down 0.40% during trading on Wednesday, hitting $105.28. 328,890 shares of the company’s stock traded hands. IAC/InterActiveCorp has a 12 month low of $56.41 and a 12 month high of $109.80. The stock has a market cap of $8.31 billion, a P/E ratio of 38.28 and a beta of 1.14. The company’s 50 day moving average is $104.54 and its 200-day moving average is $88.20.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that IAC/InterActiveCorp will post $3.06 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in IAC. Creative Planning increased its stake in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock valued at $124,000 after buying an additional 10 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of IAC/InterActiveCorp during the second quarter valued at approximately $133,000. First Mercantile Trust Co. purchased a new stake in shares of IAC/InterActiveCorp during the second quarter valued at approximately $193,000. Engineers Gate Manager LP purchased a new stake in shares of IAC/InterActiveCorp during the first quarter valued at approximately $201,000. Finally, Virtu Financial LLC purchased a new stake in shares of IAC/InterActiveCorp during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 85.22% 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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