IAC/InterActiveCorp (IAC) Receives Average Rating of “Buy” from Brokerages

Shares of IAC/InterActiveCorp (NASDAQ:IAC) have been given a consensus rating of “Buy” by the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nineteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $199.54.

IAC has been the subject of several recent analyst reports. Benchmark boosted their price objective on shares of IAC/InterActiveCorp from $176.00 to $182.00 in a research note on Friday, May 11th. Jefferies Financial Group raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Monday, June 11th. They noted that the move was a valuation call. Deutsche Bank initiated coverage on shares of IAC/InterActiveCorp in a research note on Wednesday, May 30th. They set a “buy” rating and a $189.35 price objective for the company. Deutsche Bank initiated coverage on shares of IAC/InterActiveCorp in a research note on Wednesday, May 30th. They set a “buy” rating and a $189.35 price objective for the company. Finally, Barclays reaffirmed a “buy” rating and set a $178.00 price objective on shares of IAC/InterActiveCorp in a research note on Tuesday, May 8th.

NASDAQ:IAC traded up $2.47 during mid-day trading on Wednesday, hitting $201.77. 12,610 shares of the stock traded hands, compared to its average volume of 1,094,669. The stock has a market cap of $16.58 billion, a P/E ratio of 259.47, a P/E/G ratio of 2.56 and a beta of 1.15. IAC/InterActiveCorp has a 12-month low of $103.60 and a 12-month high of $201.25. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.61.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $0.82 by $1.50. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. IAC/InterActiveCorp’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. equities analysts forecast that IAC/InterActiveCorp will post 5.19 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth approximately $107,000. Opera Trading Capital bought a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth approximately $243,000. Greenwood Capital Associates LLC bought a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth approximately $244,000. NumerixS Investment Technologies Inc bought a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth approximately $244,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth approximately $321,000. Institutional investors and hedge funds own 86.82% of the company’s stock.

About IAC/InterActiveCorp

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.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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