IAC/InterActiveCorp (IAC) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday, February 3rd.

Several other equities analysts also recently weighed in on IAC. Cowen reiterated a buy rating and set a $180.00 target price on shares of IAC/InterActiveCorp in a research report on Friday, February 2nd. JPMorgan Chase & Co. began coverage on IAC/InterActiveCorp in a research report on Friday, February 2nd. They set an overweight rating and a $175.00 target price on the stock. UBS Group increased their target price on IAC/InterActiveCorp from $135.00 to $155.00 and gave the stock a buy rating in a research report on Friday, November 10th. Needham & Company LLC raised their price objective on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a buy rating in a report on Friday, November 10th. Finally, Bank of America raised their price objective on IAC/InterActiveCorp from $150.00 to $166.00 and gave the stock a buy rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $152.55.

IAC/InterActiveCorp (NASDAQ IAC) traded up $2.55 during trading on Friday, reaching $137.19. The company’s stock had a trading volume of 1,519,009 shares, compared to its average volume of 792,352. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $11,247.39, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38. IAC/InterActiveCorp has a 12 month low of $72.00 and a 12 month high of $150.59.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). The company had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.57%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. equities research analysts anticipate that IAC/InterActiveCorp will post 3.89 earnings per share for the current fiscal year.

In related news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total transaction of $10,113,155.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total value of $281,409.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,929 shares of company stock valued at $22,516,569. Insiders own 10.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $105,000. Cerebellum GP LLC acquired a new position in IAC/InterActiveCorp during the 4th quarter valued at approximately $124,000. LS Investment Advisors LLC acquired a new position in IAC/InterActiveCorp during the 4th quarter valued at approximately $146,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in IAC/InterActiveCorp during the 4th quarter valued at approximately $147,000. Finally, American International Group Inc. acquired a new position in IAC/InterActiveCorp during the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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