The IAC/InterActive (IAC) PT Raised to $70.00

The IAC/InterActive (IAC) PT Raised to $70.00

IAC/InterActive (NYSE:IAC) had its price target raised by analysts at Stifel Nicolaus from $65.00 to $70.00 in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.57% from the company’s previous close.

A number of other equities analysts have also weighed in on IAC. Credit Suisse Group AG began coverage on shares of IAC/InterActive in a research report on Wednesday, January 11th. They issued an “outperform” rating and a $83.00 price target for the company. Aegis reiterated a “buy” rating and issued a $80.00 price target on shares of IAC/InterActive in a research report on Saturday, January 14th. Axiom Securities reiterated a “buy” rating and issued a $80.00 price target (up from $74.00) on shares of IAC/InterActive in a research report on Friday, October 7th. Susquehanna reiterated a “positive” rating and issued a $91.00 price target (up from $74.00) on shares of IAC/InterActive in a research report on Sunday, November 6th. Finally, Zacks Investment Research lowered shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $74.11.

IAC/InterActive (NYSE:IAC) opened at 70.40 on Thursday. The stock’s market cap is $5.58 billion. The company has a 50-day moving average of $67.46 and a 200-day moving average of $62.90. IAC/InterActive has a 12 month low of $38.82 and a 12 month high of $71.46.

IAC/InterActive (NYSE:IAC) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The firm earned $764.10 million during the quarter, compared to the consensus estimate of $755.62 million. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities analysts forecast that IAC/InterActive will post $2.53 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas purchased a new stake in shares of IAC/InterActive during the second quarter valued at $609,000. TIAA CREF Investment Management LLC increased its stake in shares of IAC/InterActive by 776.4% in the third quarter. TIAA CREF Investment Management LLC now owns 1,937,493 shares of the company’s stock valued at $121,035,000 after buying an additional 1,716,428 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of IAC/InterActive during the third quarter valued at $403,000. Teachers Advisors LLC increased its stake in shares of IAC/InterActive by 2,552.3% in the third quarter. Teachers Advisors LLC now owns 1,624,434 shares of the company’s stock valued at $101,478,000 after buying an additional 1,563,187 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new stake in shares of IAC/InterActive during the second quarter valued at $3,656,000.

About IAC/InterActive

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