IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “buy” rating restated by equities research analysts at Goldman Sachs Group, Inc. (The) in a report released on Wednesday. They currently have a $150.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 20.18% from the stock’s previous close.
A number of other equities analysts also recently commented on IAC. Bank of America Corporation restated a “buy” rating and set a $133.00 price objective on shares of IAC/InterActiveCorp in a research report on Wednesday, June 14th. Cowen and Company restated a “buy” rating and set a $115.00 price objective on shares of IAC/InterActiveCorp in a research report on Sunday, July 30th. Aegis restated a “buy” rating and set a $115.00 price objective on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. Wells Fargo & Company restated a “buy” rating on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. Finally, UBS AG restated a “buy” rating and set a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $129.56.
Shares of IAC/InterActiveCorp (NASDAQ IAC) traded up 1.39% on Wednesday, hitting $126.54. 249,980 shares of the company traded hands. The company has a market capitalization of $10.09 billion, a PE ratio of 45.23 and a beta of 1.14. The stock’s 50-day moving average price is $115.79 and its 200-day moving average price is $102.16. IAC/InterActiveCorp has a 12 month low of $60.39 and a 12 month high of $127.28.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. During the same quarter in the prior year, the firm earned $0.42 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts predict that IAC/InterActiveCorp will post $3.07 earnings per share for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in IAC. ClariVest Asset Management LLC purchased a new position in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $133,000. FNY Partners Fund LP acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at about $152,000. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at about $193,000. Virtu Financial LLC acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at about $201,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 85.19% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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