IAC/InterActiveCorp (NASDAQ:IAC) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a buy rating in a report issued on Thursday, January 24th.

IAC has been the topic of several other reports. UBS Group lifted their target price on shares of IAC/InterActiveCorp from $224.00 to $265.00 and gave the stock a buy rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of IAC/InterActiveCorp from a hold rating to a buy rating and set a $239.00 target price on the stock in a research note on Wednesday, September 26th. Jefferies Financial Group boosted their price objective on shares of IAC/InterActiveCorp from $240.00 to $260.00 and gave the company a buy rating in a research report on Thursday, October 4th. They noted that the move was a valuation call. Nomura initiated coverage on shares of IAC/InterActiveCorp in a research report on Thursday, October 11th. They set a buy rating and a $246.00 price objective on the stock. Finally, Wells Fargo & Co reduced their price objective on shares of IAC/InterActiveCorp from $220.00 to $210.00 and set an outperform rating on the stock in a research report on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. IAC/InterActiveCorp currently has a consensus rating of Buy and a consensus price target of $232.72.

Shares of NASDAQ IAC opened at $215.96 on Thursday. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.60. IAC/InterActiveCorp has a 52 week low of $128.80 and a 52 week high of $223.54. The firm has a market capitalization of $18.04 billion, a P/E ratio of 38.63, a PEG ratio of 2.24 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 15.84%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts anticipate that IAC/InterActiveCorp will post 4.85 earnings per share for the current fiscal year.

In related news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $208.81, for a total value of $417,620.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 4,000 shares of company stock worth $796,530 over the last ninety days. Insiders own 10.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC lifted its stake in IAC/InterActiveCorp by 16.7% during the 3rd quarter. Aperio Group LLC now owns 46,034 shares of the company’s stock valued at $9,976,000 after acquiring an additional 6,589 shares during the period. Oakbrook Investments LLC lifted its stake in IAC/InterActiveCorp by 107.0% during the 3rd quarter. Oakbrook Investments LLC now owns 4,644 shares of the company’s stock valued at $1,006,000 after acquiring an additional 2,400 shares during the period. Candriam Luxembourg S.C.A. bought a new position in IAC/InterActiveCorp during the 3rd quarter valued at about $4,696,000. Nordea Investment Management AB lifted its stake in IAC/InterActiveCorp by 29.0% during the 3rd quarter. Nordea Investment Management AB now owns 3,014 shares of the company’s stock valued at $653,000 after acquiring an additional 678 shares during the period. Finally, Morgan Stanley lifted its stake in IAC/InterActiveCorp by 153.4% during the 3rd quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock valued at $318,880,000 after acquiring an additional 890,730 shares during the period. Institutional investors own 86.75% 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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