IAC/InterActiveCorp (NASDAQ:IAC) – Analysts at Jefferies Group lifted their FY2019 earnings per share (EPS) estimates for IAC/InterActiveCorp in a note issued to investors on Tuesday. Jefferies Group analyst B. Thill now expects that the company will earn $6.51 per share for the year, up from their prior forecast of $5.74. Jefferies Group has a “Buy” rating and a $180.00 price objective on the stock.
Other analysts have also issued research reports about the stock. Wells Fargo & Co reissued a “buy” rating and issued a $185.00 price target on shares of IAC/InterActiveCorp in a report on Friday. Credit Suisse Group lowered shares of IAC/InterActiveCorp to a “hold” rating and set a $171.00 price target for the company. in a report on Friday. Needham & Company LLC raised their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 10th. Citigroup set a $150.00 price target on shares of IAC/InterActiveCorp and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Piper Jaffray Companies raised their price target on shares of IAC/InterActiveCorp from $191.00 to $197.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. IAC/InterActiveCorp has a consensus rating of “Buy” and an average price target of $162.86.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.12. The business had revenue of $950.59 million during the quarter, compared to analyst estimates of $894.74 million. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.42%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new position in shares of IAC/InterActiveCorp during the third quarter worth $105,000. Cerebellum GP LLC bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $124,000. LS Investment Advisors LLC bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $147,000. Finally, American International Group Inc. bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $202,000. 86.45% of the stock is currently owned by institutional investors.
In other news, EVP Gregg Winiarski sold 62,253 shares of IAC/InterActiveCorp stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark J. Stein sold 26,887 shares of IAC/InterActiveCorp stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total transaction of $3,406,045.16. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by company insiders.
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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