IAC (IAC) Given Consensus Rating of “Buy” by Brokerages

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.



IAC (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.38 by $0.33. IAC had a net margin of 9.88% and a return on equity of 4.69%. The firm had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $922.17 million. During the same period in the previous year, the business earned $0.29 earnings per share. IAC’s revenue for the quarter was up 30.7% compared to the same quarter last year. equities analysts predict that IAC will post 3.93 EPS for the current fiscal year.

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.

Analyst Recommendations for IAC (NASDAQ:IAC)

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