IAC/InterActiveCorp (IAC) Receives Average Rating of “Buy” from Brokerages

IAC/InterActiveCorp (NASDAQ:IAC) has been assigned a consensus rating of “Buy” from the twenty-three research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eighteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $201.19.

Several brokerages recently commented on IAC. UBS Group boosted their price target on IAC/InterActiveCorp from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Aegis boosted their price objective on IAC/InterActiveCorp from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. JPMorgan Chase & Co. boosted their price objective on IAC/InterActiveCorp from $186.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. BMO Capital Markets reissued a “buy” rating and issued a $250.00 price objective (up previously from $216.00) on shares of IAC/InterActiveCorp in a research note on Thursday, August 9th. Finally, Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th.

IAC stock traded down $2.70 during trading on Friday, hitting $219.75. The company had a trading volume of 792,141 shares, compared to its average volume of 789,369. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 285.39, a P/E/G ratio of 2.74 and a beta of 1.29. IAC/InterActiveCorp has a fifty-two week low of $112.34 and a fifty-two week high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $1.50. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. IAC/InterActiveCorp’s quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. research analysts anticipate that IAC/InterActiveCorp will post 5.18 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of IAC/InterActiveCorp by 10.5% during the second quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after acquiring an additional 415,012 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in IAC/InterActiveCorp by 16.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock valued at $598,855,000 after purchasing an additional 559,748 shares during the last quarter. Cadian Capital Management LP increased its holdings in IAC/InterActiveCorp by 33.4% in the second quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock valued at $291,292,000 after purchasing an additional 478,270 shares during the last quarter. Aristeia Capital LLC increased its holdings in IAC/InterActiveCorp by 16.0% in the second quarter. Aristeia Capital LLC now owns 1,654,217 shares of the company’s stock valued at $252,252,000 after purchasing an additional 227,867 shares during the last quarter. Finally, First Manhattan Co. increased its holdings in IAC/InterActiveCorp by 39.1% in the second quarter. First Manhattan Co. now owns 917,744 shares of the company’s stock valued at $139,946,000 after purchasing an additional 258,141 shares during the last quarter. Institutional investors own 86.82% of the company’s stock.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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