Wedbush Trims IAC/InterActiveCorp (NASDAQ:IAC) Target Price to $107.00

IAC/InterActiveCorp (NASDAQ:IACGet Rating) had its price objective decreased by stock analysts at Wedbush from $149.00 to $107.00 in a research note issued on Wednesday, The Fly reports. Wedbush’s price objective points to a potential upside of 35.29% from the stock’s previous close. Wedbush also issued estimates for IAC/InterActiveCorp’s Q1 2022 earnings at ($0.87) EPS, Q2 2022 earnings at ($0.51) EPS, FY2022 earnings at ($1.58) EPS and FY2023 earnings at $1.23 EPS.

Several other research firms have also weighed in on IAC. Cowen dropped their price objective on shares of IAC/InterActiveCorp from $190.00 to $180.00 in a research note on Thursday, February 17th. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 20th. BMO Capital Markets dropped their price objective on shares of IAC/InterActiveCorp from $173.00 to $154.00 in a research note on Tuesday, April 26th. Credit Suisse Group dropped their price target on shares of IAC/InterActiveCorp from $167.00 to $127.00 in a research note on Wednesday. Finally, Barclays dropped their price target on shares of IAC/InterActiveCorp from $160.00 to $130.00 in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, IAC/InterActiveCorp has an average rating of “Buy” and a consensus price target of $147.00.

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

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

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of IAC/InterActiveCorp by 1.1% in the third quarter. BlackRock Inc. now owns 4,710,138 shares of the company’s stock valued at $613,685,000 after acquiring an additional 52,706 shares in the last quarter. Morgan Stanley boosted its holdings in shares of IAC/InterActiveCorp by 0.5% in the second 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. ShawSpring Partners LLC boosted its holdings in shares of IAC/InterActiveCorp by 28.9% in the fourth quarter. ShawSpring Partners LLC now owns 3,747,774 shares of the company’s stock valued at $489,872,000 after acquiring an additional 840,902 shares in the last quarter. First Manhattan Co. boosted its holdings in shares of IAC/InterActiveCorp by 23.1% in the third quarter. First Manhattan Co. now owns 3,691,090 shares of the company’s stock valued at $480,912,000 after acquiring an additional 691,835 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of IAC/InterActiveCorp by 11.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,321,975 shares of the company’s stock valued at $303,505,000 after acquiring an additional 238,282 shares in 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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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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