Needham & Company LLC Increases IAC/InterActiveCorp (IAC) Price Target to $150.00

IAC/InterActiveCorp (NASDAQ:IAC) had its price objective raised by Needham & Company LLC from $130.00 to $150.00 in a research report sent to investors on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

IAC has been the topic of several other research reports. Susquehanna Bancshares Inc reaffirmed a positive rating and issued a $140.00 target price (up previously from $114.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. BidaskClub raised shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a report on Wednesday, October 11th. Guggenheim reaffirmed a buy rating and issued a $135.00 target price (up previously from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 3rd. Finally, UBS AG reissued a buy rating and set a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $141.40.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded down $0.34 during trading hours on Friday, hitting $123.67. 1,472,200 shares of the stock traded hands, compared to its average volume of 743,887. The stock has a market capitalization of $9,420.00, a P/E ratio of 99.21, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 1-year low of $64.50 and a 1-year high of $137.86.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. sell-side analysts forecast that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of IAC/InterActiveCorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after buying an additional 149,182 shares during the last quarter. Cheyne Capital Management UK LLP acquired a new position in shares of IAC/InterActiveCorp in the third quarter valued at approximately $418,000. Canada Pension Plan Investment Board raised its position in shares of IAC/InterActiveCorp by 6.6% in the third quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock valued at $397,812,000 after buying an additional 208,227 shares during the last quarter. BlackRock Inc. raised its position in shares of IAC/InterActiveCorp by 2.6% in the second quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after buying an additional 83,794 shares during the last quarter. Finally, Boston Partners raised its position in shares of IAC/InterActiveCorp by 0.8% in the third quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after buying an additional 23,366 shares during the last quarter. 91.44% of the stock is owned by institutional investors and hedge funds.

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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