Nomura Raises IAC/InterActiveCorp (IAC) Price Target to $282.00

IAC/InterActiveCorp (NASDAQ:IAC) had its price objective increased by Nomura from $239.00 to $282.00 in a research note released on Monday morning, The Fly reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on IAC. BidaskClub upgraded shares of IAC/InterActiveCorp from a hold rating to a buy rating in a research note on Friday, March 22nd. ValuEngine upgraded shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Aegis reiterated a buy rating and set a $300.00 target price (up previously from $250.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, March 20th. Jefferies Financial Group boosted their target price on shares of IAC/InterActiveCorp to $260.00 in a research note on Monday, February 11th. Finally, Goldman Sachs Group assumed coverage on shares of IAC/InterActiveCorp in a research note on Monday, February 4th. They set a neutral rating and a $226.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $257.72.

Shares of NASDAQ:IAC opened at $228.33 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market capitalization of $19.10 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.68 and a beta of 1.09. IAC/InterActiveCorp has a 12-month low of $142.00 and a 12-month high of $242.86.



IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.51. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.29%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities research analysts predict that IAC/InterActiveCorp will post 4.22 earnings per share for the current year.

In other news, CFO Glenn Schiffman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $224.98, for a total transaction of $674,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,000 shares of company stock valued at $1,749,740 in the last 90 days. Insiders own 10.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in IAC/InterActiveCorp by 10.3% in the first quarter. BlackRock Inc. now owns 5,802,759 shares of the company’s stock worth $1,219,215,000 after purchasing an additional 543,469 shares during the period. Morgan Stanley lifted its holdings in IAC/InterActiveCorp by 153.4% in the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after purchasing an additional 890,730 shares during the period. First Manhattan Co. lifted its holdings in IAC/InterActiveCorp by 1.0% in the first quarter. First Manhattan Co. now owns 1,195,514 shares of the company’s stock worth $251,189,000 after purchasing an additional 11,636 shares during the period. Norges Bank acquired a new stake in IAC/InterActiveCorp in the fourth quarter worth about $152,540,000. Finally, Geode Capital Management LLC lifted its holdings in IAC/InterActiveCorp by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after purchasing an additional 41,411 shares during the period. Institutional investors and hedge funds own 89.13% of the company’s stock.

IAC/InterActiveCorp Company Profile

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.

Recommended Story: Why is a lock-up period needed for an IPO?

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.