IAC/InterActiveCorp (NASDAQ:IAC) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a buy rating in a report released on Friday, November 2nd.

Other equities research analysts have also issued research reports about the company. UBS Group increased their price target on IAC/InterActiveCorp from $200.00 to $224.00 and gave the stock a buy rating in a research note on Friday, August 10th. BMO Capital Markets reissued a buy rating and set a $216.00 price objective on shares of IAC/InterActiveCorp in a report on Friday, July 13th. Aegis increased their price objective on shares of IAC/InterActiveCorp from $200.00 to $240.00 and gave the company a buy rating in a report on Monday, August 13th. Zacks Investment Research raised shares of IAC/InterActiveCorp from a hold rating to a buy rating and set a $208.00 price objective for the company in a report on Thursday, August 16th. Finally, Jefferies Financial Group increased their price objective on shares of IAC/InterActiveCorp to $240.00 and gave the company a buy rating in a report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $216.89.

Shares of NASDAQ IAC traded up $0.24 during midday trading on Friday, hitting $186.55. 1,856,447 shares of the stock traded hands, compared to its average volume of 910,872. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 242.27, a PEG ratio of 2.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. IAC/InterActiveCorp has a one year low of $118.83 and a one year high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.46. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.15% and a net margin of 11.39%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Equities research analysts anticipate that IAC/InterActiveCorp will post 5.33 EPS for the current year.

In related news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $199.05, for a total transaction of $398,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of IAC/InterActiveCorp during the second quarter worth $107,000. Stratos Wealth Partners LTD. acquired a new stake in shares of IAC/InterActiveCorp during the third quarter worth $131,000. MML Investors Services LLC acquired a new stake in shares of IAC/InterActiveCorp during the third quarter worth $215,000. Allen Investment Management LLC acquired a new position in IAC/InterActiveCorp during the third quarter valued at $225,000. Finally, Pitcairn Co. acquired a new position in IAC/InterActiveCorp during the third quarter valued at $226,000. 86.13% of the stock is currently owned by institutional investors and hedge funds.

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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