BMO Capital Markets Increases IAC/InterActiveCorp (IAC) Price Target to $282.00

IAC/InterActiveCorp (NASDAQ:IAC) had its price target raised by equities researchers at BMO Capital Markets to $282.00 in a report issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 55.59% from the stock’s current price.

A number of other equities research analysts have also commented on IAC. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. UBS Group increased their price objective on shares of IAC/InterActiveCorp from $224.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Jefferies Financial Group increased their price objective on shares of IAC/InterActiveCorp to $240.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. increased their price objective on shares of IAC/InterActiveCorp from $186.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Finally, BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $213.27.

Shares of IAC traded down $5.06 during trading hours on Friday, hitting $181.25. The stock had a trading volume of 14,043 shares, compared to its average volume of 818,145. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.78 and a current ratio of 2.78. IAC/InterActiveCorp has a 52 week low of $118.83 and a 52 week high of $223.54. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 235.86, a PEG ratio of 2.47 and a beta of 1.35.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.46. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that IAC/InterActiveCorp will post 5.33 EPS for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $199.05, for a total transaction of $398,100.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 10.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in IAC/InterActiveCorp in the second quarter valued at about $107,000. Stratos Wealth Partners LTD. acquired a new position in IAC/InterActiveCorp in the third quarter valued at about $131,000. MML Investors Services LLC acquired a new position in IAC/InterActiveCorp in the third quarter valued at about $215,000. Allen Investment Management LLC acquired a new position in IAC/InterActiveCorp in the third quarter valued at about $225,000. Finally, Pitcairn Co. acquired a new position in IAC/InterActiveCorp in the third quarter valued at about $226,000. 86.13% of the stock is owned by hedge funds and other institutional investors.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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