IAC/InterActiveCorp (NASDAQ:IAC) Price Target Cut to $150.00 by Analysts at Cowen

IAC/InterActiveCorp (NASDAQ:IACGet Rating) had its price objective dropped by stock analysts at Cowen from $180.00 to $150.00 in a research report issued on Wednesday, The Fly reports. Cowen’s price objective suggests a potential upside of 89.66% from the company’s previous close.

IAC has been the topic of a number of other research reports. Benchmark lowered their price target on IAC/InterActiveCorp from $200.00 to $175.00 in a research report on Wednesday. KeyCorp cut their target price on IAC/InterActiveCorp from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, April 11th. StockNews.com began coverage on IAC/InterActiveCorp in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Piper Sandler dropped their price target on IAC/InterActiveCorp from $145.00 to $110.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $147.00.

Shares of IAC/InterActiveCorp stock opened at $79.09 on Wednesday. The company has a market cap of $6.65 billion, a PE ratio of 12.49 and a beta of 1.34. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $96.04 and a 200-day moving average price of $119.00. IAC/InterActiveCorp has a 52 week low of $72.29 and a 52 week high of $179.12.

IAC/InterActiveCorp (NASDAQ:IACGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.37). IAC/InterActiveCorp had a negative return on equity of 0.06% and a net margin of 15.92%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $949.76 million. As a group, research analysts anticipate that IAC/InterActiveCorp will post -0.82 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in IAC. Morgan Stanley lifted its position in IAC/InterActiveCorp by 0.5% in the 2nd quarter. Morgan Stanley now owns 3,872,611 shares of the company’s stock valued at $597,040,000 after acquiring an additional 20,603 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in IAC/InterActiveCorp by 2.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,576 shares of the company’s stock valued at $596,000 after acquiring an additional 100 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in IAC/InterActiveCorp by 5.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 19,803 shares of the company’s stock valued at $2,582,000 after acquiring an additional 973 shares in the last quarter. Mackenzie Financial Corp lifted its position in IAC/InterActiveCorp by 41.6% in the 3rd quarter. Mackenzie Financial Corp now owns 4,060 shares of the company’s stock valued at $529,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of IAC/InterActiveCorp by 33.4% during the 3rd quarter. Toronto Dominion Bank now owns 847 shares of the company’s stock valued at $110,000 after buying an additional 212 shares during the period. 96.44% of the stock is currently owned by institutional investors and hedge funds.

IAC/InterActiveCorp Company Profile (Get Rating)

IAC/InterActiveCorp operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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