IAC/InterActiveCorp (NASDAQ:IAC) Upgraded at BidaskClub

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

Several other brokerages have also commented on IAC. TheStreet lowered shares of IAC/InterActiveCorp from a b- rating to a c+ rating in a research report on Friday, April 3rd. BTIG Research assumed coverage on shares of IAC/InterActiveCorp in a research report on Thursday, June 11th. They issued a buy rating and a $330.00 price objective on the stock. Nomura lifted their price objective on shares of IAC/InterActiveCorp from $296.00 to $323.00 and gave the stock a buy rating in a research report on Friday, May 8th. Wells Fargo & Co lowered their price objective on shares of IAC/InterActiveCorp from $310.00 to $300.00 and set an overweight rating on the stock in a research report on Thursday, April 23rd. Finally, Wedbush lifted their price objective on shares of IAC/InterActiveCorp from $259.00 to $290.00 in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $305.59.

IAC/InterActiveCorp stock opened at $317.90 on Friday. IAC/InterActiveCorp has a fifty-two week low of $124.60 and a fifty-two week high of $320.37. The stock has a market cap of $25.91 billion, a PE ratio of 289.00 and a beta of 1.19. The firm’s 50-day simple moving average is $272.98 and its 200 day simple moving average is $234.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.32 and a current ratio of 3.32.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, analysts predict that IAC/InterActiveCorp will post 1.51 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of IAC. Norges Bank purchased a new position in IAC/InterActiveCorp in the 4th quarter worth approximately $195,148,000. Aristeia Capital LLC grew its stake in IAC/InterActiveCorp by 83.1% in the 4th quarter. Aristeia Capital LLC now owns 1,557,059 shares of the company’s stock worth $387,879,000 after buying an additional 706,592 shares in the last quarter. Capital Research Global Investors purchased a new position in IAC/InterActiveCorp in the 1st quarter worth approximately $116,874,000. Farallon Capital Management LLC grew its stake in IAC/InterActiveCorp by 41.8% in the 4th quarter. Farallon Capital Management LLC now owns 2,066,500 shares of the company’s stock worth $514,786,000 after buying an additional 609,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in IAC/InterActiveCorp by 38.2% in the 4th quarter. Bank of America Corp DE now owns 1,743,248 shares of the company’s stock worth $434,260,000 after buying an additional 481,870 shares in the last quarter. 89.22% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: What is the cash asset ratio?

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.