Piper Sandler Lowers IAC/InterActiveCorp (NASDAQ:IAC) Price Target to $110.00

IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) had its price objective decreased by analysts at Piper Sandler from $145.00 to $110.00 in a report released on Wednesday, The Fly reports. Piper Sandler’s price objective would indicate a potential upside of 39.08% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. KeyCorp reduced their price target on IAC/InterActiveCorp from $190.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, April 11th. StockNews.com assumed coverage on shares of IAC/InterActiveCorp in a research report on Thursday, March 31st. They set a “hold” rating for the company. BMO Capital Markets cut their price objective on shares of IAC/InterActiveCorp from $173.00 to $154.00 in a research report on Tuesday, April 26th. Cowen cut their price objective on shares of IAC/InterActiveCorp from $190.00 to $180.00 in a research report on Thursday, February 17th. Finally, Barclays cut their price objective on shares of IAC/InterActiveCorp from $190.00 to $160.00 in a research report on Thursday, February 17th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $160.77.

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

IAC/InterActiveCorp (NASDAQ:IAC – Get 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $949.76 million. On average, sell-side analysts expect that IAC/InterActiveCorp will post -0.82 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ShawSpring Partners LLC grew its stake in shares of IAC/InterActiveCorp by 53.3% during the third quarter. ShawSpring Partners LLC now owns 2,906,872 shares of the company’s stock worth $378,736,000 after buying an additional 1,010,157 shares during the last quarter. Norges Bank bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth $94,008,000. First Manhattan Co. grew its stake in shares of IAC/InterActiveCorp by 23.1% during the third quarter. First Manhattan Co. now owns 3,691,090 shares of the company’s stock worth $480,912,000 after buying an additional 691,835 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth $70,705,000. Finally, 683 Capital Management LLC grew its stake in shares of IAC/InterActiveCorp by 147.6% during the fourth quarter. 683 Capital Management LLC now owns 759,800 shares of the company’s stock worth $99,313,000 after buying an additional 452,903 shares during the last quarter. Institutional investors and hedge funds own 96.44% of the company’s stock.

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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