IAC (IAC) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of IAC (NASDAQ:IAC) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

A number of other research firms have also issued reports on IAC. Guggenheim restated a buy rating and set a $185.00 price objective on shares of IAC in a research report on Wednesday, March 21st. Credit Suisse Group lowered IAC to a hold rating and set a $171.00 price objective for the company. in a research report on Friday, March 9th. Wells Fargo restated a buy rating and set a $185.00 price objective on shares of IAC in a research report on Friday, March 9th. Jefferies Group boosted their price objective on IAC to $180.00 and gave the company a buy rating in a research report on Wednesday, March 7th. Finally, Aegis restated a buy rating and set a $200.00 price objective (up previously from $165.00) on shares of IAC in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $164.52.

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NASDAQ:IAC opened at $153.36 on Monday. IAC has a 12-month low of $74.05 and a 12-month high of $166.64. The company has a market cap of $12,562.36, a P/E ratio of 189.98, a P/E/G ratio of 4.64 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.67.

IAC (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. IAC had a return on equity of 2.42% and a net margin of 9.22%. The business had revenue of $950.59 million during the quarter, compared to analyst estimates of $894.74 million. equities analysts expect that IAC will post 3.93 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in IAC. Pillar Pacific Capital Management LLC raised its stake in shares of IAC by 9.7% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 3,950 shares of the company’s stock worth $483,000 after buying an additional 350 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of IAC by 1.5% in the 4th quarter. Macquarie Group Ltd. now owns 23,864 shares of the company’s stock worth $2,919,000 after buying an additional 364 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of IAC by 16.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock worth $271,000 after buying an additional 370 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of IAC by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,229 shares of the company’s stock worth $1,740,000 after buying an additional 445 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of IAC by 25.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,628 shares of the company’s stock worth $309,000 after buying an additional 530 shares in the last quarter. 86.88% of the stock is currently owned by hedge funds and other institutional investors.

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About IAC

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for IAC (NASDAQ:IAC)

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