Citigroup assumed coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $290.00 price target on the stock.

Several other equities analysts have also recently issued reports on the company. Barclays upped their price objective on IAC/InterActiveCorp from $295.00 to $311.00 and gave the company an overweight rating in a research report on Friday, August 9th. Aegis reissued a buy rating and set a $320.00 price target on shares of IAC/InterActiveCorp in a report on Tuesday, September 3rd. BMO Capital Markets upped their price objective on IAC/InterActiveCorp from $319.00 to $320.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Benchmark increased their price target on IAC/InterActiveCorp from $250.00 to $300.00 and gave the stock a buy rating in a research note on Friday, August 9th. Finally, SunTrust Banks increased their price target on IAC/InterActiveCorp from $250.00 to $265.00 and gave the stock a buy rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $287.37.

NASDAQ IAC opened at $233.01 on Tuesday. IAC/InterActiveCorp has a 1-year low of $158.29 and a 1-year high of $268.72. The firm has a market cap of $19.94 billion, a PE ratio of 51.21 and a beta of 0.94. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $245.44 and a 200-day moving average of $228.81.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.27. IAC/InterActiveCorp had a return on equity of 12.44% and a net margin of 11.99%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $2.32 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts forecast that IAC/InterActiveCorp will post 4.4 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $220.69, for a total value of $441,380.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph Levin sold 56,703 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $240.78, for a total transaction of $13,652,948.34. Following the completion of the transaction, the chief executive officer now directly owns 222,263 shares in the company, valued at $53,516,485.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,781 shares of company stock worth $46,309,265. Company insiders own 11.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its position in IAC/InterActiveCorp by 1.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,103 shares of the company’s stock worth $879,000 after purchasing an additional 49 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of IAC/InterActiveCorp by 0.8% in the second quarter. Allianz Asset Management GmbH now owns 7,834 shares of the company’s stock valued at $1,704,000 after purchasing an additional 64 shares during the period. US Bancorp DE lifted its stake in shares of IAC/InterActiveCorp by 2.6% in the second quarter. US Bancorp DE now owns 3,097 shares of the company’s stock valued at $674,000 after purchasing an additional 79 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in IAC/InterActiveCorp by 1.7% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,688 shares of the company’s stock worth $984,000 after acquiring an additional 80 shares during the last quarter. Finally, Cooper Financial Group raised its position in IAC/InterActiveCorp by 7.3% during the second quarter. Cooper Financial Group now owns 1,223 shares of the company’s stock worth $266,000 after acquiring an additional 83 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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