IAC/InterActiveCorp (NASDAQ:IAC) – Jefferies Group lifted their FY2019 EPS estimates for IAC/InterActiveCorp in a note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst B. Thill now anticipates that the company will post earnings per share of $6.51 for the year, up from their prior forecast of $5.74. Jefferies Group currently has a “Buy” rating and a $180.00 target price on the stock.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 19th. Credit Suisse Group restated a “buy” rating and issued a $151.00 target price on shares of IAC/InterActiveCorp in a research note on Tuesday, January 9th. Guggenheim restated a “buy” rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a research note on Friday, December 22nd. BidaskClub downgraded shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Evercore ISI began coverage on shares of IAC/InterActiveCorp in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $155.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $164.52.
Shares of NASDAQ:IAC traded down $5.41 during trading on Friday, reaching $150.97. 957,698 shares of the company were exchanged, compared to its average volume of 819,129. The firm has a market cap of $12,926.06, a PE ratio of 196.06, a price-to-earnings-growth ratio of 4.77 and a beta of 1.23. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.66 and a current ratio of 2.66. IAC/InterActiveCorp has a 12-month low of $73.62 and a 12-month high of $166.64.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, February 7th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.12. The business had revenue of $950.59 million for the quarter, compared to analyst estimates of $894.74 million. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.42%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in IAC/InterActiveCorp during the fourth quarter valued at $1,352,000. Handelsbanken Fonder AB lifted its position in IAC/InterActiveCorp by 1.7% during the fourth quarter. Handelsbanken Fonder AB now owns 582,000 shares of the company’s stock valued at $71,167,000 after purchasing an additional 10,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in IAC/InterActiveCorp during the fourth quarter valued at $3,661,000. Pacific Grove Capital LP lifted its position in IAC/InterActiveCorp by 158.1% during the fourth quarter. Pacific Grove Capital LP now owns 80,836 shares of the company’s stock valued at $9,885,000 after purchasing an additional 49,517 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in IAC/InterActiveCorp by 1.5% in the fourth quarter. Macquarie Group Ltd. now owns 23,864 shares of the company’s stock valued at $2,919,000 after buying an additional 364 shares in the last quarter. Institutional investors own 86.88% of the company’s stock.
In other news, EVP Gregg Winiarski sold 62,253 shares of IAC/InterActiveCorp stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.30% of the company’s stock.
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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.
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