Benchmark Trims IAC/InterActiveCorp (NASDAQ:IAC) Target Price to $175.00

IAC/InterActiveCorp (NASDAQ:IACGet Rating) had its price objective cut by Benchmark from $200.00 to $175.00 in a research note issued to investors on Wednesday morning, The Fly reports.

Several other analysts also recently issued reports on the stock. Credit Suisse Group lowered their price objective on shares of IAC/InterActiveCorp from $167.00 to $127.00 in a research report on Wednesday. Piper Sandler lowered their price objective on shares of IAC/InterActiveCorp from $145.00 to $110.00 in a research report on Wednesday. Cowen lowered their price objective on shares of IAC/InterActiveCorp from $190.00 to $180.00 in a research report on Thursday, February 17th. Barclays reduced their target price on IAC/InterActiveCorp from $160.00 to $130.00 in a research note on Wednesday. Finally, KeyCorp reduced their target price on IAC/InterActiveCorp from $190.00 to $165.00 and set an overweight rating for the company in a research note on Monday, April 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, IAC/InterActiveCorp presently has an average rating of Buy and an average target price of $147.20.

Shares of NASDAQ:IAC opened at $81.50 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.26. IAC/InterActiveCorp has a 52-week low of $72.29 and a 52-week high of $179.12. The company has a 50 day moving average of $94.60 and a two-hundred day moving average of $117.64. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 543.37 and a beta of 1.34.

IAC/InterActiveCorp (NASDAQ:IACGet Rating) last issued its quarterly earnings data on Tuesday, February 15th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.37). IAC/InterActiveCorp had a net margin of 0.91% and a negative return on equity of 1.16%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $949.76 million. On average, equities analysts anticipate that IAC/InterActiveCorp will post -0.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in IAC. Confluence Wealth Services Inc. bought a new position in IAC/InterActiveCorp during the fourth quarter worth $27,000. Concord Wealth Partners lifted its stake in IAC/InterActiveCorp by 411.9% in the fourth quarter. Concord Wealth Partners now owns 215 shares of the company’s stock valued at $28,000 after buying an additional 173 shares during the last quarter. Quent Capital LLC bought a new stake in IAC/InterActiveCorp in the fourth quarter valued at $32,000. National Bank of Canada FI bought a new stake in IAC/InterActiveCorp in the fourth quarter valued at $35,000. Finally, Benjamin Edwards Inc. lifted its stake in IAC/InterActiveCorp by 9,650.0% in the first quarter. Benjamin Edwards Inc. now owns 390 shares of the company’s stock valued at $39,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

About IAC/InterActiveCorp (Get Rating)

IAC/InterActiveCorp operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.

See Also

The Fly logo

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.