Equities researchers at Goldman Sachs Group started coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report issued on Monday, February 4th, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $226.00 price target on the stock. Goldman Sachs Group’s price target points to a potential upside of 5.23% from the company’s current price.
IAC has been the subject of a number of other reports. ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. BidaskClub lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Macquarie started coverage on shares of IAC/InterActiveCorp in a research report on Wednesday, November 28th. They issued an “outperform” rating for the company. Aegis reaffirmed a “buy” rating and issued a $250.00 price objective on shares of IAC/InterActiveCorp in a research report on Thursday, November 22nd. Finally, Bank of America decreased their price objective on shares of IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $235.54.
IAC stock traded up $1.72 during mid-day trading on Monday, reaching $214.77. 586,925 shares of the stock traded hands, compared to its average volume of 759,978. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. IAC/InterActiveCorp has a one year low of $128.80 and a one year high of $223.98. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $1.05. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.53%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, equities research analysts expect that IAC/InterActiveCorp will post 4.5 EPS for the current year.
In related news, Director David S. Rosenblatt sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Glenn Schiffman sold 1,000 shares of the company’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $200.00, for a total value of $200,000.00. The disclosure for this sale can be found here. Insiders sold a total of 8,528 shares of company stock worth $1,795,588 in the last 90 days. 10.90% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Csenge Advisory Group acquired a new stake in IAC/InterActiveCorp during the 3rd quarter valued at approximately $29,000. Lindbrook Capital LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter worth $34,000. Quantamental Technologies LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter worth $43,000. Athena Capital Advisors LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter worth $64,000. Finally, Riverview Trust Co acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter worth $92,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.
IAC/InterActiveCorp 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.
Further Reading: What is Cost of Capital?
Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.