IAC/InterActiveCorp (NASDAQ:IAC) Receives Buy Rating from UBS AG

UBS AG reiterated their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report released on Friday morning, 99wallstreet.com reports. UBS AG currently has a $126.00 target price on the stock, up from their previous target price of $115.00.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus dropped their target price on shares of IAC/InterActiveCorp from $103.00 to $73.00 and set a hold rating for the company in a report on Thursday, May 4th. Bank of America Corporation reissued a buy rating and issued a $133.00 target price on shares of IAC/InterActiveCorp in a report on Wednesday, June 14th. Barclays PLC increased their target price on shares of IAC/InterActiveCorp from $82.00 to $96.00 and gave the stock an overweight rating in a report on Tuesday, May 2nd. Wells Fargo & Company reissued a buy rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Finally, Jefferies Group LLC dropped their target price on shares of IAC/InterActiveCorp from $85.00 to $82.00 in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $100.10.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at 105.75 on Friday. The firm has a market cap of $8.34 billion, a PE ratio of 38.45 and a beta of 1.14. The firm has a 50-day moving average of $104.54 and a 200 day moving average of $88.20. IAC/InterActiveCorp has a 52-week low of $56.41 and a 52-week high of $109.80.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The firm had revenue of $767.39 million during the quarter, compared to analysts’ expectations of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.36%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, equities analysts predict that IAC/InterActiveCorp will post $3.09 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after buying an additional 3,179,406 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in IAC/InterActiveCorp by 44.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock worth $327,797,000 after buying an additional 975,000 shares in the last quarter. First Manhattan Co. increased its stake in IAC/InterActiveCorp by 11,770.5% in the second quarter. First Manhattan Co. now owns 563,850 shares of the company’s stock worth $58,211,000 after buying an additional 559,100 shares in the last quarter. Henderson Group PLC purchased a new stake in IAC/InterActiveCorp during the first quarter worth $28,156,000. Finally, Acadian Asset Management LLC increased its stake in IAC/InterActiveCorp by 215.6% in the second quarter. Acadian Asset Management LLC now owns 503,578 shares of the company’s stock worth $51,986,000 after buying an additional 344,024 shares in the last quarter. 85.22% of the stock is owned by institutional investors.

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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