According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “
Several other equities analysts also recently commented on IAC. Jefferies Group reiterated a hold rating on shares of IAC/InterActive in a research note on Monday, July 11th. BMO Capital Markets reiterated an outperform rating and issued a $75.00 price objective on shares of IAC/InterActive in a research note on Friday, July 29th. Needham & Company LLC reiterated a buy rating and issued a $70.00 price objective (up previously from $62.00) on shares of IAC/InterActive in a research note on Tuesday, June 21st. Axiom Securities reiterated a buy rating on shares of IAC/InterActive in a research note on Wednesday, June 22nd. Finally, Susquehanna reiterated a positive rating and issued a $74.00 price objective on shares of IAC/InterActive in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $67.00.
IAC/InterActive (NYSE:IAC) opened at 62.80 on Wednesday. IAC/InterActive has a 1-year low of $38.82 and a 1-year high of $73.15. The firm’s 50-day moving average price is $59.28 and its 200-day moving average price is $54.90. The company’s market cap is $5.00 billion.
IAC/InterActive (NYSE:IAC) last announced its earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The firm earned $745.40 million during the quarter, compared to analysts’ expectations of $748.73 million. During the same quarter in the previous year, the firm earned $0.85 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Equities research analysts forecast that IAC/InterActive will post $2.58 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in IAC/InterActive during the second quarter valued at $301,777,000. Boston Partners purchased a new position in IAC/InterActive during the second quarter worth approximately $230,954,000. Artisan Partners Limited Partnership purchased a new position in IAC/InterActive during the second quarter worth approximately $123,187,000. BlackRock Institutional Trust Company N.A. purchased a new position in IAC/InterActive during the second quarter worth approximately $114,075,000. Finally, Luxor Capital Group LP purchased a new position in IAC/InterActive during the second quarter worth approximately $113,704,000.
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