IAC/InterActiveCorp (IAC) Downgraded by BidaskClub to “Hold”

IAC/InterActiveCorp (NASDAQ:IAC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their target price on IAC/InterActiveCorp to $244.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Credit Suisse Group lifted their target price on IAC/InterActiveCorp from $183.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. ValuEngine upgraded IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. BMO Capital Markets reiterated a “buy” rating and issued a $216.00 target price on shares of IAC/InterActiveCorp in a report on Friday, July 13th. Finally, Guggenheim cut IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Friday, September 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $216.89.

Shares of IAC/InterActiveCorp stock opened at $186.55 on Thursday. The company has a market capitalization of $15.41 billion, a PE ratio of 242.27, a P/E/G ratio of 2.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. IAC/InterActiveCorp has a one year low of $118.83 and a one year high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.46. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.15% and a net margin of 11.39%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, research analysts forecast that IAC/InterActiveCorp will post 5.33 earnings per share for the current year.

In related news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $199.05, for a total transaction of $398,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its stake in shares of IAC/InterActiveCorp by 4.9% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 6,450 shares of the company’s stock worth $1,398,000 after acquiring an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of IAC/InterActiveCorp by 9.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,103 shares of the company’s stock worth $879,000 after acquiring an additional 350 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of IAC/InterActiveCorp by 1.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,436 shares of the company’s stock worth $4,641,000 after acquiring an additional 364 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of IAC/InterActiveCorp by 4.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 12,500 shares of the company’s stock worth $2,709,000 after acquiring an additional 500 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of IAC/InterActiveCorp by 24.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,773 shares of the company’s stock worth $601,000 after acquiring an additional 542 shares during the last quarter. 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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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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