IAC/InterActiveCorp (IAC) Receives Outperform Rating from Wells Fargo & Co

IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “outperform” rating reissued by stock analysts at Wells Fargo & Co in a research report issued to clients and investors on Monday, January 8th, The Fly reports. They currently have a $168.00 target price on the stock, up from their prior target price of $150.00. Wells Fargo & Co’s target price points to a potential upside of 19.20% from the stock’s current price.

IAC has been the topic of a number of other reports. Guggenheim reiterated a “buy” rating and issued a $135.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 3rd. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Benchmark boosted their target price on shares of IAC/InterActiveCorp from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. BMO Capital Markets restated a “buy” rating and issued a $160.00 target price (up from $130.00) on shares of IAC/InterActiveCorp in a report on Friday, October 13th. Finally, Jefferies Group restated a “buy” rating on shares of IAC/InterActiveCorp in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $143.62.

Shares of IAC/InterActiveCorp (NASDAQ IAC) opened at $140.94 on Monday. The company has a market cap of $11,300.00, a price-to-earnings ratio of 31.60, a PEG ratio of 4.24 and a beta of 1.09. IAC/InterActiveCorp has a 52-week low of $66.35 and a 52-week high of $141.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.07.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million for the quarter, compared to the consensus estimate of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. analysts anticipate that IAC/InterActiveCorp will post 0.55 earnings per share for the current fiscal year.

In other news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total value of $10,113,155.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Rosenblatt sold 6,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $133.00, for a total transaction of $798,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,929 shares of company stock valued at $22,516,569. 11.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $105,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in IAC/InterActiveCorp during the 4th quarter valued at approximately $147,000. FNY Partners Fund LP acquired a new position in IAC/InterActiveCorp during the 2nd quarter valued at approximately $152,000. Piedmont Investment Advisors LLC acquired a new position in IAC/InterActiveCorp during the 2nd quarter valued at approximately $205,000. Finally, Timber Hill LLC acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 86.66% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “IAC/InterActiveCorp (IAC) Receives Outperform Rating from Wells Fargo & Co” was published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/iacinteractivecorps-iac-outperform-rating-reaffirmed-at-wells-fargo-co/1818145.html.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.