IAC/InterActiveCorp (NASDAQ:IAC) CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $208.81, for a total value of $417,620.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Glenn Schiffman also recently made the following trade(s):
- On Friday, January 18th, Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock. The stock was sold at an average price of $200.00, for a total value of $200,000.00.
- On Wednesday, January 2nd, Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock. The stock was sold at an average price of $178.91, for a total value of $178,910.00.
Shares of IAC opened at $210.99 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a market capitalization of $17.58 billion, a PE ratio of 274.01, a PEG ratio of 2.17 and a beta of 1.14. IAC/InterActiveCorp has a one year low of $128.80 and a one year high of $223.54.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.46. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. On average, sell-side analysts forecast that IAC/InterActiveCorp will post 5.58 earnings per share for the current fiscal year.
A number of brokerages have weighed in on IAC. ValuEngine upgraded IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. BidaskClub upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Nomura began coverage on IAC/InterActiveCorp in a report on Thursday, October 11th. They set a “buy” rating and a $246.00 price target for the company. Zacks Investment Research downgraded IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Finally, Goldman Sachs Group began coverage on IAC/InterActiveCorp in a report on Monday. They set a “neutral” rating and a $226.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $231.51.
Institutional investors and hedge funds have recently modified their holdings of the company. Csenge Advisory Group acquired a new stake in shares of IAC/InterActiveCorp in the 3rd quarter valued at about $29,000. Quantamental Technologies LLC acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at about $43,000. Stratos Wealth Partners LTD. acquired a new stake in shares of IAC/InterActiveCorp in the 3rd quarter valued at about $131,000. First Interstate Bank acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at about $133,000. Finally, Mondrian Capital Management LLC acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at about $183,000. Institutional investors own 86.75% of the company’s stock.
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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.
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