IAC/InterActiveCorp (NASDAQ:IAC) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other equities analysts have also recently issued reports on the company. Nomura Instinet cut their target price on IAC/InterActiveCorp from $304.00 to $296.00 and set a buy rating on the stock in a report on Monday, April 20th. Citigroup cut their target price on IAC/InterActiveCorp from $285.00 to $240.00 and set a buy rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Co cut their target price on IAC/InterActiveCorp from $310.00 to $300.00 and set an overweight rating on the stock in a report on Thursday, April 23rd. Nomura increased their target price on IAC/InterActiveCorp from $296.00 to $323.00 and gave the stock a buy rating in a report on Friday, May 8th. Finally, Barclays increased their target price on IAC/InterActiveCorp from $270.00 to $290.00 and gave the stock an overweight rating in a report on Friday, May 8th. Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $305.59.

Shares of IAC stock opened at $323.40 on Friday. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 294.00 and a beta of 1.19. IAC/InterActiveCorp has a 52 week low of $124.60 and a 52 week high of $324.74. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $274.64 and a 200-day moving average of $235.20.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. Analysts anticipate that IAC/InterActiveCorp will post 1.51 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in IAC. Credit Agricole S A purchased a new stake in shares of IAC/InterActiveCorp during the 1st quarter valued at $29,000. Ameritas Investment Company LLC purchased a new stake in IAC/InterActiveCorp in the 1st quarter worth about $29,000. Chevy Chase Trust Holdings Inc. purchased a new stake in IAC/InterActiveCorp in the 4th quarter worth about $39,000. Sandy Spring Bank purchased a new stake in IAC/InterActiveCorp in the 1st quarter worth about $44,000. Finally, Truewealth LLC purchased a new stake in IAC/InterActiveCorp in the 1st quarter worth about $45,000. 89.22% of the stock is owned by hedge funds and other institutional investors.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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