BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a buy rating to a strong-buy rating in a report issued on Saturday, BidAskClub reports.

Several other equities research analysts also recently commented on IAC. Wedbush boosted their target price on IAC/InterActiveCorp from $259.00 to $290.00 in a report on Monday, May 11th. TheStreet downgraded IAC/InterActiveCorp from a b- rating to a c+ rating in a report on Friday, April 3rd. SunTrust Banks boosted their target price on IAC/InterActiveCorp from $275.00 to $330.00 and gave the stock a buy rating in a report on Tuesday, June 23rd. Citigroup dropped their target price on IAC/InterActiveCorp from $285.00 to $240.00 and set a buy rating on the stock in a report on Tuesday, April 14th. Finally, BMO Capital Markets upped their price target on IAC/InterActiveCorp from $316.00 to $369.00 and gave the company an outperform rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $305.59.

Shares of IAC stock opened at $323.40 on Friday. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 294.00 and a beta of 1.19. The business’s fifty day moving average is $274.64 and its 200 day moving average is $235.20. IAC/InterActiveCorp has a twelve month low of $124.60 and a twelve month high of $324.74. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.05.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.91 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that IAC/InterActiveCorp will post 1.51 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC lifted its holdings in IAC/InterActiveCorp by 1.8% in the fourth quarter. ProShare Advisors LLC now owns 3,461 shares of the company’s stock valued at $862,000 after acquiring an additional 60 shares during the period. Coastal Investment Advisors Inc. increased its position in IAC/InterActiveCorp by 5.2% in the first quarter. Coastal Investment Advisors Inc. now owns 1,204 shares of the company’s stock worth $216,000 after buying an additional 60 shares in the last quarter. Orrstown Financial Services Inc. increased its position in IAC/InterActiveCorp by 2.1% in the first quarter. Orrstown Financial Services Inc. now owns 3,030 shares of the company’s stock worth $543,000 after buying an additional 63 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in IAC/InterActiveCorp by 19.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 411 shares of the company’s stock worth $102,000 after buying an additional 67 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in IAC/InterActiveCorp by 37.6% in the first quarter. Lindbrook Capital LLC now owns 260 shares of the company’s stock worth $47,000 after buying an additional 71 shares in the last quarter. 89.22% of the stock is currently owned by institutional investors.

IAC/InterActiveCorp Company Profile

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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