IAC/InterActiveCorp (NASDAQ:IAC) Receives $99.56 Consensus Price Target from Analysts

Shares of IAC/InterActiveCorp (NASDAQ:IAC) have received an average recommendation of “Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $99.56.

Several equities research analysts recently commented on IAC shares. Zacks Investment Research raised IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 20th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $114.00 price target (up previously from $94.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Guggenheim raised IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, May 5th. BMO Capital Markets lowered their price target on IAC/InterActiveCorp from $115.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Finally, Cowen and Company reissued an “outperform” rating and issued a $90.00 price target on shares of IAC/InterActiveCorp in a research note on Monday, April 24th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in shares of IAC/InterActiveCorp by 0.9% in the second quarter. Great West Life Assurance Co. Can now owns 23,180 shares of the company’s stock worth $2,389,000 after buying an additional 203 shares during the period. Reliance Trust Co. of Delaware acquired a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $202,000. Personal Capital Advisors Corp raised its position in shares of IAC/InterActiveCorp by 7.7% in the second quarter. Personal Capital Advisors Corp now owns 174,928 shares of the company’s stock worth $18,060,000 after buying an additional 12,506 shares during the period. Acadian Asset Management LLC raised its position in shares of IAC/InterActiveCorp by 215.6% in the second quarter. Acadian Asset Management LLC now owns 503,578 shares of the company’s stock worth $51,986,000 after buying an additional 344,024 shares during the period. Finally, Private Bank & Trust Co. purchased a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $351,000. Institutional investors own 83.12% of the company’s stock.

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IAC/InterActiveCorp (NASDAQ IAC) traded down 0.46% on Tuesday, reaching $106.21. 527,551 shares of the company traded hands. IAC/InterActiveCorp has a 52-week low of $56.41 and a 52-week high of $109.80. The firm has a 50 day moving average price of $104.38 and a 200 day moving average price of $87.19. The stock’s market capitalization is $8.36 billion.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, May 3rd. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.04. IAC/InterActiveCorp had a negative net margin of 0.76% and a positive return on equity of 8.43%. The business had revenue of $760.80 million for the quarter, compared to analysts’ expectations of $718.31 million. During the same period last year, the firm earned $0.42 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts predict that IAC/InterActiveCorp will post $3.06 EPS for the current year.

IAC/InterActiveCorp Company Profile

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.