IAC/InterActiveCorp (NASDAQ:IAC) had its target price hoisted by equities research analysts at Jefferies Group to $180.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 15.94% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Cowen reaffirmed a “buy” rating and set a $155.00 target price on shares of IAC/InterActiveCorp in a research note on Friday, November 10th. Bank of America boosted their price target on shares of IAC/InterActiveCorp from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, November 10th. UBS Group boosted their price target on shares of IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Needham & Company LLC boosted their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Citigroup set a $150.00 price target on shares of IAC/InterActiveCorp and gave the company a “buy” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $162.05.
Shares of IAC/InterActiveCorp (IAC) opened at $155.25 on Wednesday. IAC/InterActiveCorp has a one year low of $72.00 and a one year high of $155.54. The company has a current ratio of 2.66, a quick ratio of 2.07 and a debt-to-equity ratio of 0.67. The stock has a market cap of $12,632.91, a price-to-earnings ratio of 49.29, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.12. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.42%. The company had revenue of $950.59 million for the quarter, compared to analysts’ expectations of $894.74 million. sell-side analysts forecast that IAC/InterActiveCorp will post 3.91 earnings per share for the current year.
In related news, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $126.68, for a total value of $3,406,045.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cheyne Capital Management UK LLP purchased a new stake in IAC/InterActiveCorp during the third quarter worth about $418,000. BlackRock Inc. increased its stake in IAC/InterActiveCorp by 19.7% during the fourth quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock worth $475,239,000 after purchasing an additional 639,311 shares during the period. Boston Partners increased its stake in IAC/InterActiveCorp by 0.8% during the third quarter. Boston Partners now owns 3,074,055 shares of the company’s stock worth $361,448,000 after purchasing an additional 23,366 shares during the period. Aristeia Capital LLC increased its stake in IAC/InterActiveCorp by 25.6% during the fourth quarter. Aristeia Capital LLC now owns 1,195,295 shares of the company’s stock worth $146,161,000 after purchasing an additional 243,327 shares during the period. Finally, Geode Capital Management LLC increased its stake in IAC/InterActiveCorp by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 648,371 shares of the company’s stock worth $79,233,000 after purchasing an additional 40,220 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.
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.