IAC/InterActiveCorp’s (IAC) Buy Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note issued to investors on Tuesday. The firm currently has a $151.00 price target on the stock.

IAC has been the topic of a number of other research reports. Barclays upped their target price on IAC/InterActiveCorp from $130.00 to $150.00 and gave the company an overweight rating in a report on Monday, October 23rd. Benchmark increased their price objective on IAC/InterActiveCorp from $135.00 to $150.00 and gave the stock a buy rating in a report on Thursday, September 21st. BidaskClub downgraded IAC/InterActiveCorp from a strong-buy rating to a buy rating in a report on Saturday, September 16th. Bank of America increased their price objective on IAC/InterActiveCorp from $150.00 to $166.00 and gave the stock a buy rating in a report on Friday, November 10th. Finally, Zacks Investment Research downgraded IAC/InterActiveCorp from a hold rating to a strong sell rating in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. IAC/InterActiveCorp has a consensus rating of Buy and an average price target of $143.62.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up $1.02 on Tuesday, hitting $134.70. The stock had a trading volume of 376,788 shares, compared to its average volume of 920,593. The firm has a market cap of $11,040.00, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 4.13 and a beta of 1.09. IAC/InterActiveCorp has a one year low of $66.35 and a one year high of $137.86. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

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 analysts’ consensus estimates of $0.69 by ($0.14). The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. equities analysts predict that IAC/InterActiveCorp will post 0.55 earnings per share for the current year.

In other IAC/InterActiveCorp news, CEO Joseph Levin sold 78,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total transaction of $10,113,155.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total value of $7,917,959.07. The disclosure for this sale can be found here. Insiders have sold 175,929 shares of company stock valued at $22,516,569 in the last ninety days. Company insiders own 10.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in IAC. Schwab Charles Investment Management Inc. boosted its position in IAC/InterActiveCorp by 0.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 254,744 shares of the company’s stock worth $26,300,000 after purchasing an additional 1,010 shares during the period. Neuberger Berman Group LLC bought a new stake in IAC/InterActiveCorp during the second quarter worth approximately $233,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in IAC/InterActiveCorp by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,618 shares of the company’s stock worth $270,000 after purchasing an additional 216 shares during the period. Principal Financial Group Inc. boosted its position in IAC/InterActiveCorp by 27.6% during the second quarter. Principal Financial Group Inc. now owns 17,826 shares of the company’s stock worth $1,841,000 after purchasing an additional 3,856 shares during the period. Finally, Chicago Equity Partners LLC bought a new stake in IAC/InterActiveCorp during the second quarter worth approximately $475,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

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About IAC/InterActiveCorp

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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