IAC/InterActiveCorp (IAC) Price Target Raised to $282.00

IAC/InterActiveCorp (NASDAQ:IAC) had its price objective lifted by Nomura from $239.00 to $282.00 in a report released on Monday morning, The Fly reports. They currently have a buy rating on the stock.

IAC has been the topic of several other research reports. BidaskClub raised IAC/InterActiveCorp from a hold rating to a buy rating in a report on Thursday, January 24th. ValuEngine raised IAC/InterActiveCorp from a buy rating to a strong-buy rating in a report on Tuesday, January 29th. Goldman Sachs Group began coverage on IAC/InterActiveCorp in a report on Monday, February 4th. They set a neutral rating and a $226.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on IAC/InterActiveCorp to $250.00 and gave the stock an overweight rating in a report on Monday, February 11th. Finally, Oppenheimer boosted their target price on IAC/InterActiveCorp from $275.00 to $280.00 and gave the stock an outperform rating in a report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $257.77.

Shares of NASDAQ IAC opened at $237.83 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.12 and a quick ratio of 3.13. The company has a market cap of $19.23 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. IAC/InterActiveCorp has a 12-month low of $144.44 and a 12-month high of $242.86.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.51. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. IAC/InterActiveCorp had a return on equity of 16.05% and a net margin of 14.74%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, analysts predict that IAC/InterActiveCorp will post 4.54 earnings per share for the current year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $213.68, for a total transaction of $427,360.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 8,000 shares of company stock worth $1,749,740. Company insiders own 10.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in shares of IAC/InterActiveCorp by 23.2% during the 4th quarter. Toronto Dominion Bank now owns 10,427 shares of the company’s stock valued at $1,908,000 after acquiring an additional 1,965 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of IAC/InterActiveCorp by 72.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,430 shares of the company’s stock valued at $6,851,000 after acquiring an additional 15,760 shares in the last quarter. APG Asset Management N.V. boosted its holdings in IAC/InterActiveCorp by 4.2% in the fourth quarter. APG Asset Management N.V. now owns 19,800 shares of the company’s stock worth $3,170,000 after purchasing an additional 800 shares in the last quarter. LPL Financial LLC boosted its holdings in IAC/InterActiveCorp by 90.4% in the fourth quarter. LPL Financial LLC now owns 5,724 shares of the company’s stock worth $1,048,000 after purchasing an additional 2,718 shares in the last quarter. Finally, Westpac Banking Corp boosted its holdings in IAC/InterActiveCorp by 51.0% in the fourth quarter. Westpac Banking Corp now owns 12,652 shares of the company’s stock worth $2,316,000 after purchasing an additional 4,272 shares in the last quarter. 88.59% of the stock is currently owned by institutional investors.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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