IAC/InterActiveCorp (IAC) Rating Lowered to Market Perform at JMP Securities

JMP Securities cut shares of IAC/InterActiveCorp (NASDAQ:IAC) from an outperform rating to a market perform rating in a report released on Monday, Benzinga reports. The firm currently has $228.02 price objective on the stock.

A number of other analysts have also recently commented on IAC. BidaskClub upgraded shares of IAC/InterActiveCorp from a hold rating to a buy rating in a research report on Thursday, January 24th. ValuEngine upgraded shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research report on Tuesday, January 29th. Goldman Sachs Group initiated coverage on shares of IAC/InterActiveCorp in a research report on Monday, February 4th. They issued a neutral rating and a $226.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of IAC/InterActiveCorp to $250.00 and gave the company an overweight rating in a research report on Monday, February 11th. Finally, Nomura upped their price objective on shares of IAC/InterActiveCorp from $206.00 to $239.00 and gave the company a buy rating in a research report on Monday, February 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $257.77.

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. IAC/InterActiveCorp has a 12 month low of $144.44 and a 12 month high of $242.86. The firm has a market capitalization of $18.92 billion, a P/E ratio of 42.55, a PEG ratio of 2.57 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.51. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.05%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that IAC/InterActiveCorp will post 4.29 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $225.00, for a total transaction of $225,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 8,000 shares of company stock valued at $1,749,740. Corporate insiders own 10.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of IAC/InterActiveCorp by 1.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,103 shares of the company’s stock valued at $879,000 after acquiring an additional 49 shares in the last quarter. Keybank National Association OH grew its holdings in shares of IAC/InterActiveCorp by 1.3% in the 4th quarter. Keybank National Association OH now owns 4,710 shares of the company’s stock valued at $862,000 after acquiring an additional 60 shares in the last quarter. Winslow Evans & Crocker Inc. grew its holdings in shares of IAC/InterActiveCorp by 40.3% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock valued at $48,000 after acquiring an additional 62 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of IAC/InterActiveCorp by 6.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock valued at $207,000 after acquiring an additional 69 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of IAC/InterActiveCorp by 1.7% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,688 shares of the company’s stock valued at $984,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 88.59% 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. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

Featured Story: How much can an individual set aside as a catch-up contribution?

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.