Oppenheimer Holdings, Inc. Reiterates Outperform Rating for IAC/InterActiveCorp (IAC)

Oppenheimer Holdings, Inc. reiterated their outperform rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report released on Wednesday morning. They currently have a $127.00 price objective on the stock, up from their prior price objective of $120.00.

A number of other equities analysts have also commented on IAC. Jefferies Group LLC raised IAC/InterActiveCorp from a hold rating to a buy rating and boosted their price objective for the stock from $85.00 to $92.00 in a research note on Tuesday, April 18th. Zacks Investment Research raised IAC/InterActiveCorp from a strong sell rating to a hold rating in a research note on Thursday, April 20th. Cowen and Company reissued an outperform rating and issued a $90.00 price objective on shares of IAC/InterActiveCorp in a research note on Monday, April 24th. Barclays PLC boosted their price objective on IAC/InterActiveCorp from $82.00 to $96.00 and gave the stock an overweight rating in a research note on Tuesday, May 2nd. Finally, Benchmark Co. reissued a buy rating on shares of IAC/InterActiveCorp in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the company. IAC/InterActiveCorp has a consensus rating of Buy and an average price target of $107.20.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded up 2.38% during midday trading on Wednesday, hitting $103.44. 446,117 shares of the company were exchanged. The firm has a market cap of $8.25 billion, a P/E ratio of 36.97 and a beta of 1.14. IAC/InterActiveCorp has a one year low of $56.41 and a one year high of $114.72. The company’s 50 day moving average price is $105.20 and its 200 day moving average price is $89.84.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The company had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Equities analysts expect that IAC/InterActiveCorp will post $3.06 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in IAC/InterActiveCorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after buying an additional 149,182 shares during the last quarter. BlackRock Inc. raised its position in IAC/InterActiveCorp by 2.6% in the second quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after buying an additional 83,794 shares during the last quarter. Canada Pension Plan Investment Board raised its position in IAC/InterActiveCorp by 44.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock valued at $327,797,000 after buying an additional 975,000 shares during the last quarter. Boston Partners raised its position in IAC/InterActiveCorp by 1.9% in the second quarter. Boston Partners now owns 3,050,689 shares of the company’s stock valued at $314,953,000 after buying an additional 57,689 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in IAC/InterActiveCorp by 13.8% in the second quarter. TIAA CREF Investment Management LLC now owns 2,601,498 shares of the company’s stock valued at $268,579,000 after buying an additional 316,034 shares during the last quarter. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

About IAC/InterActiveCorp

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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