Oppenheimer Holdings, Inc. Reiterates “Buy” Rating for IAC/InterActiveCorp (IAC)
IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a research report issued on Thursday. They currently have a $141.00 price objective on the stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 13.70% from the company’s previous close.
Other analysts have also issued reports about the company. Barclays PLC reiterated an “overweight” rating and issued a $130.00 price objective (up from $105.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. Piper Jaffray Companies lifted their price objective on IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Aegis restated a “buy” rating and set a $125.00 target price (up previously from $115.00) on shares of IAC/InterActiveCorp in a report on Tuesday, August 15th. TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a report on Thursday, August 3rd. Finally, BidaskClub upgraded IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. IAC/InterActiveCorp has an average rating of “Buy” and a consensus target price of $141.40.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded down $0.90 during mid-day trading on Thursday, reaching $124.01. The company had a trading volume of 1,995,200 shares, compared to its average volume of 740,546. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market capitalization of $9,961.95, a price-to-earnings ratio of 99.93, a price-to-earnings-growth ratio of 6.84 and a beta of 1.12. IAC/InterActiveCorp has a 1 year low of $64.50 and a 1 year high of $137.86.
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). The firm had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.70% and a net margin of 11.81%. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. analysts expect that IAC/InterActiveCorp will post 2.19 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its stake in IAC/InterActiveCorp by 0.4% in the 2nd 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 lifted its stake in IAC/InterActiveCorp by 0.6% in the 2nd 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 lifted its stake in IAC/InterActiveCorp by 1.9% in the 2nd 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 lifted its stake in IAC/InterActiveCorp by 1.7% in the 2nd 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 lifted its stake in IAC/InterActiveCorp by 0.6% in the 2nd 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. Hedge funds and other institutional investors own 85.43% 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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