Jefferies Group LLC Reaffirms “Buy” Rating for IAC/InterActiveCorp (NASDAQ:IAC)
Jefferies Group LLC reiterated their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a report issued on Wednesday. Jefferies Group LLC currently has a $135.00 target price on the stock, up from their previous target price of $120.00.
A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded IAC/InterActiveCorp from a strong sell rating to a hold rating in a report on Thursday, April 20th. Stifel Nicolaus cut their price objective on IAC/InterActiveCorp from $103.00 to $73.00 and set a hold rating on the stock in a report on Thursday, May 4th. Guggenheim upgraded IAC/InterActiveCorp from a neutral rating to a buy rating and set a $120.00 price objective on the stock in a report on Friday, May 5th. Bank of America Corporation restated a buy rating and issued a $133.00 price objective on shares of IAC/InterActiveCorp in a report on Wednesday, June 14th. Finally, Barclays PLC raised their price objective on IAC/InterActiveCorp from $82.00 to $96.00 and gave the stock an overweight rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the company’s stock. IAC/InterActiveCorp currently has a consensus rating of Buy and a consensus target price of $107.20.
IAC/InterActiveCorp (NASDAQ IAC) traded up 2.38% during midday trading on Wednesday, reaching $103.44. 446,117 shares of the company were exchanged. IAC/InterActiveCorp has a 52-week low of $56.41 and a 52-week high of $114.72. The company has a 50 day moving average of $105.20 and a 200-day moving average of $89.84. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 36.97 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The company had revenue of $767.39 million for the quarter, compared to the consensus estimate of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. On average, equities research analysts anticipate that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Regent Investment Management LLC purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at approximately $992,000. Renaissance Technologies LLC raised its position in shares of IAC/InterActiveCorp by 282.3% in the first quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock valued at $12,881,000 after buying an additional 129,027 shares during the last quarter. Oak Associates Ltd. OH raised its position in shares of IAC/InterActiveCorp by 32.0% in the first quarter. Oak Associates Ltd. OH now owns 171,423 shares of the company’s stock valued at $12,637,000 after buying an additional 41,600 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of IAC/InterActiveCorp during the first quarter valued at approximately $209,000. Finally, Creative Planning raised its position in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock valued at $124,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.
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.
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