IAC/InterActiveCorp (NASDAQ:IAC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $144.40.

A number of equities research analysts have weighed in on IAC shares. Benchmark decreased their target price on IAC/InterActiveCorp from $200.00 to $175.00 in a research report on Wednesday, May 11th. BMO Capital Markets decreased their target price on IAC/InterActiveCorp from $173.00 to $154.00 in a research report on Tuesday, April 26th. Wells Fargo & Company decreased their target price on IAC/InterActiveCorp from $165.00 to $135.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. StockNews.com upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, TheStreet downgraded IAC/InterActiveCorp from a “c-” rating to a “d” rating in a report on Wednesday, May 11th.

Shares of IAC stock opened at $77.26 on Wednesday. IAC/InterActiveCorp has a 52-week low of $72.29 and a 52-week high of $158.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market capitalization of $6.50 billion, a P/E ratio of 515.10 and a beta of 1.33. The stock has a 50 day moving average price of $84.44 and a 200 day moving average price of $107.08.

IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) last issued its earnings results on Monday, May 9th. The company reported ($2.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($2.15). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. IAC/InterActiveCorp had a net margin of 0.91% and a negative return on equity of 1.17%. The company’s revenue for the quarter was up 68.5% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. As a group, sell-side analysts forecast that IAC/InterActiveCorp will post -3.08 EPS for the current year.

A number of institutional investors have recently bought and sold shares of IAC. ShawSpring Partners LLC grew its stake in IAC/InterActiveCorp by 28.9% during the 4th quarter. ShawSpring Partners LLC now owns 3,747,774 shares of the company’s stock valued at $489,872,000 after purchasing an additional 840,902 shares during the last quarter. Norges Bank purchased a new stake in IAC/InterActiveCorp during the 4th quarter valued at about $94,008,000. JPMorgan Chase & Co. grew its stake in IAC/InterActiveCorp by 29.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,016,172 shares of the company’s stock valued at $302,462,000 after purchasing an additional 694,197 shares during the last quarter. Southeastern Asset Management Inc. TN grew its stake in IAC/InterActiveCorp by 30.2% during the 1st quarter. Southeastern Asset Management Inc. TN now owns 2,584,135 shares of the company’s stock valued at $259,137,000 after purchasing an additional 599,828 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in IAC/InterActiveCorp during the 4th quarter valued at about $70,705,000. 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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