IAC/InterActiveCorp (IAC) Stock Rating Reaffirmed by Cowen and Company

IAC/InterActiveCorp (NASDAQ:IAC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Cowen and Company in a research report issued to clients and investors on Monday, April 24th. They presently have a $90.00 price objective on the stock. Cowen and Company’s price target would suggest a potential downside of 12.82% from the company’s previous close.

A number of other equities analysts also recently commented on IAC. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $94.00 price objective (up previously from $88.00) on shares of IAC/InterActiveCorp in a report on Friday, February 10th. Needham & Company LLC lifted their price objective on shares of IAC/InterActiveCorp from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Credit Suisse Group AG began coverage on shares of IAC/InterActiveCorp in a report on Wednesday, January 11th. They issued an “outperform” rating and a $83.00 price objective for the company. Benchmark Co. lifted their price objective on shares of IAC/InterActiveCorp from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, Aegis lifted their price objective on shares of IAC/InterActiveCorp from $80.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $92.94.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at 103.23 on Monday. IAC/InterActiveCorp has a 52-week low of $52.23 and a 52-week high of $104.19. The stock’s market cap is $8.12 billion. The company’s 50-day moving average is $88.40 and its 200-day moving average is $75.07.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $760.80 million during the quarter, compared to analyst estimates of $718.31 million. IAC/InterActiveCorp had a positive return on equity of 8.91% and a negative net margin of 1.31%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities analysts anticipate that IAC/InterActiveCorp will post $3.05 EPS for the current year.

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Several large investors have recently modified their holdings of IAC. Vanguard Group Inc. boosted its stake in shares of IAC/InterActiveCorp by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,738,072 shares of the company’s stock valued at $423,011,000 after buying an additional 221,852 shares during the period. BlackRock Inc. boosted its stake in shares of IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after buying an additional 3,179,406 shares during the period. Boston Partners boosted its stake in shares of IAC/InterActiveCorp by 8.8% in the first quarter. Boston Partners now owns 2,993,000 shares of the company’s stock valued at $220,644,000 after buying an additional 242,391 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of IAC/InterActiveCorp by 2.5% in the first quarter. TIAA CREF Investment Management LLC now owns 2,285,464 shares of the company’s stock valued at $168,484,000 after buying an additional 55,086 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of IAC/InterActiveCorp by 4.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,200,100 shares of the company’s stock valued at $162,191,000 after buying an additional 98,800 shares during the period. Institutional investors and hedge funds own 85.76% of the company’s stock.

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.

12 Month Chart for NASDAQ:IAC

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