IAC/InterActiveCorp (NASDAQ:IAC) PT Lowered to $130.00 at Barclays

IAC/InterActiveCorp (NASDAQ:IACGet Rating) had its price target decreased by Barclays from $160.00 to $130.00 in a research report report published on Wednesday morning, The Fly reports.

Several other research firms have also recently commented on IAC. KeyCorp decreased their price target on shares of IAC/InterActiveCorp from $190.00 to $165.00 and set an overweight rating for the company in a report on Monday, April 11th. Credit Suisse Group cut their price objective on shares of IAC/InterActiveCorp from $167.00 to $127.00 in a research report on Wednesday. StockNews.com started coverage on shares of IAC/InterActiveCorp in a research report on Thursday, March 31st. They set a hold rating on the stock. BMO Capital Markets cut their price objective on shares of IAC/InterActiveCorp from $173.00 to $154.00 in a research report on Tuesday, April 26th. Finally, Cowen cut their price objective on shares of IAC/InterActiveCorp from $190.00 to $180.00 in a research report on Thursday, February 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $147.20.

IAC stock opened at $81.50 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $6.85 billion, a P/E ratio of 543.37 and a beta of 1.34. The firm has a 50 day simple moving average of $94.60 and a 200 day simple moving average of $117.64. IAC/InterActiveCorp has a 52 week low of $72.29 and a 52 week high of $179.12.

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

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its holdings in IAC/InterActiveCorp by 4.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,951 shares of the company’s stock worth $255,000 after purchasing an additional 90 shares during the last quarter. Snider Financial Group raised its holdings in IAC/InterActiveCorp by 4.5% during the 4th quarter. Snider Financial Group now owns 2,132 shares of the company’s stock worth $290,000 after purchasing an additional 91 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in IAC/InterActiveCorp by 2.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,576 shares of the company’s stock worth $596,000 after purchasing an additional 100 shares during the last quarter. Old West Investment Management LLC increased its stake in shares of IAC/InterActiveCorp by 4.3% in the 4th quarter. Old West Investment Management LLC now owns 2,453 shares of the company’s stock valued at $320,000 after acquiring an additional 101 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of IAC/InterActiveCorp by 0.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,687 shares of the company’s stock valued at $1,914,000 after acquiring an additional 103 shares during the last quarter. 96.44% of the stock is owned by institutional investors and hedge funds.

IAC/InterActiveCorp Company Profile (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.

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