IAC (NASDAQ:IAC) has been given a consensus rating of “Buy” by the twenty-three brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $175.44.
Several equities research analysts have commented on the stock. Piper Jaffray boosted their price target on shares of IAC from $191.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Needham & Company LLC reiterated a “buy” rating on shares of IAC in a research report on Friday, February 9th. Wells Fargo reiterated a “buy” rating and issued a $168.00 price target on shares of IAC in a research report on Thursday, February 8th. Barclays boosted their price objective on IAC from $34.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday. Finally, JPMorgan Chase began coverage on IAC in a report on Friday, February 2nd. They set an “overweight” rating and a $175.00 price objective on the stock.
IAC traded down $4.55, hitting $143.71, during midday trading on Monday, MarketBeat reports. The company’s stock had a trading volume of 1,374,589 shares, compared to its average volume of 952,391. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.64. IAC has a 12 month low of $144.41 and a 12 month high of $149.97. The stock has a market cap of $12.25 billion, a PE ratio of 186.64, a price-to-earnings-growth ratio of 4.53 and a beta of 1.22.
Several institutional investors and hedge funds have recently modified their holdings of IAC. Cerebellum GP LLC acquired a new position in shares of IAC in the 4th quarter valued at about $124,000. LS Investment Advisors LLC bought a new stake in shares of IAC in the 4th quarter valued at approximately $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of IAC in the 4th quarter valued at approximately $147,000. American International Group Inc. bought a new stake in shares of IAC in the 4th quarter valued at approximately $202,000. Finally, Creative Planning bought a new stake in shares of IAC in the 4th quarter valued at approximately $221,000. Institutional investors own 85.59% of the company’s stock.
IAC Company Profile
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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