IAC/InterActiveCorp (NASDAQ:IAC) Receives Average Recommendation of “Buy” from Analysts

Shares of IAC/InterActiveCorp (NASDAQ:IAC) have been assigned an average recommendation of “Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $309.80.

IAC has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of IAC/InterActiveCorp from $285.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Nomura increased their target price on shares of IAC/InterActiveCorp from $296.00 to $323.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Barclays increased their target price on shares of IAC/InterActiveCorp from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. BTIG Research initiated coverage on shares of IAC/InterActiveCorp in a research report on Thursday, June 11th. They issued a “buy” rating and a $330.00 target price for the company. Finally, Deutsche Bank increased their target price on shares of IAC/InterActiveCorp from $290.00 to $327.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd.

Shares of IAC stock traded up $6.03 during trading hours on Friday, reaching $112.74. The stock had a trading volume of 133,523 shares, compared to its average volume of 1,118,760. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.32 and a quick ratio of 3.32. IAC/InterActiveCorp has a twelve month low of $100.22 and a twelve month high of $324.74. The firm has a 50-day simple moving average of $276.30 and a 200-day simple moving average of $235.74. The firm has a market capitalization of $27.48 billion, a PE ratio of 102.49 and a beta of 1.22.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. IAC/InterActiveCorp had a net margin of 2.69% and a return on equity of 9.24%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, equities analysts anticipate that IAC/InterActiveCorp will post 1.51 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Credit Agricole S A purchased a new stake in shares of IAC/InterActiveCorp in the first quarter worth approximately $29,000. Ameritas Investment Company LLC purchased a new stake in shares of IAC/InterActiveCorp in the first quarter worth approximately $29,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of IAC/InterActiveCorp in the fourth quarter worth approximately $39,000. Sandy Spring Bank purchased a new stake in shares of IAC/InterActiveCorp in the first quarter worth approximately $44,000. Finally, Truewealth LLC purchased a new stake in shares of IAC/InterActiveCorp in the first quarter worth approximately $45,000. Institutional investors own 89.22% 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. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

Further Reading: Green Investing

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.