IAC/InterActiveCorp (NASDAQ:IAC) Price Target Raised to $314.00 at Nomura

IAC/InterActiveCorp (NASDAQ:IAC) had its price objective raised by Nomura from $282.00 to $314.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a hold rating to a strong-buy rating and set a $272.00 target price for the company in a report on Tuesday. Cowen set a $290.00 target price on shares of IAC/InterActiveCorp and gave the stock a buy rating in a report on Wednesday, July 31st. UBS Group boosted their target price on shares of IAC/InterActiveCorp from $265.00 to $285.00 and gave the stock a buy rating in a report on Friday, May 10th. Guggenheim upgraded shares of IAC/InterActiveCorp from a neutral rating to a buy rating and set a $300.00 target price for the company in a report on Friday. Finally, Wells Fargo & Co boosted their target price on shares of IAC/InterActiveCorp from $250.00 to $280.00 and gave the stock an outperform rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $285.79.

IAC/InterActiveCorp stock traded down $2.36 during trading hours on Friday, reaching $254.46. The stock had a trading volume of 964,373 shares, compared to its average volume of 547,282. The company has a market capitalization of $21.64 billion, a P/E ratio of 45.52, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $232.95. IAC/InterActiveCorp has a 52 week low of $158.29 and a 52 week high of $268.72.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 7th. The company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.76%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 earnings per share. On average, equities analysts anticipate that IAC/InterActiveCorp will post 4.8 earnings per share for the current fiscal year.

In other news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $220.69, for a total transaction of $441,380.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 7,000 shares of company stock worth $1,589,220. Corporate insiders own 11.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in IAC/InterActiveCorp by 10.3% in the 1st quarter. BlackRock Inc. now owns 5,802,759 shares of the company’s stock worth $1,219,215,000 after purchasing an additional 543,469 shares in the last quarter. First Manhattan Co. boosted its position in IAC/InterActiveCorp by 1.0% in the 1st quarter. First Manhattan Co. now owns 1,195,514 shares of the company’s stock worth $251,189,000 after purchasing an additional 11,636 shares in the last quarter. JPMorgan Chase & Co. boosted its position in IAC/InterActiveCorp by 124.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 792,726 shares of the company’s stock worth $172,933,000 after purchasing an additional 439,953 shares in the last quarter. Geode Capital Management LLC boosted its position in IAC/InterActiveCorp by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after purchasing an additional 41,411 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in IAC/InterActiveCorp by 142.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 717,369 shares of the company’s stock worth $156,049,000 after purchasing an additional 420,943 shares in the last quarter. Institutional investors own 89.64% 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.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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