Trade Report: Today, IAC/InterActive (IAC) Upgrade at TheStreet

Today, IAC/InterActive (IAC) Upgrade at TheStreet

TheStreet upgraded shares of IAC/InterActive (NYSE:IAC) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Other equities analysts also recently issued reports about the company. Barclays PLC set a $70.00 target price on IAC/InterActive and gave the company a buy rating in a research report on Thursday, October 13th. Jefferies Group reaffirmed a hold rating and issued a $60.00 price target on shares of IAC/InterActive in a report on Monday, July 25th. Susquehanna reaffirmed a positive rating and issued a $74.00 price target on shares of IAC/InterActive in a report on Monday, August 8th. Axiom Securities reaffirmed a buy rating and issued a $80.00 price target (up from $74.00) on shares of IAC/InterActive in a report on Friday, October 7th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $75.00 price target on shares of IAC/InterActive in a report on Tuesday, August 23rd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $72.53.

Shares of IAC/InterActive (NYSE:IAC) opened at 68.38 on Monday. The company’s market capitalization is $5.42 billion. The stock has a 50 day moving average price of $64.96 and a 200 day moving average price of $59.48. IAC/InterActive has a one year low of $38.82 and a one year high of $68.75.

IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, November 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm earned $764.10 million during the quarter, compared to analyst estimates of $755.62 million. IAC/InterActive’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts predict that IAC/InterActive will post $2.55 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Howard Hughes Medical Institute acquired a new stake in IAC/InterActive during the second quarter worth approximately $402,000. Contrarius Investment Management Ltd acquired a new stake in IAC/InterActive during the second quarter worth approximately $3,104,000. KBC Group NV acquired a new stake in IAC/InterActive during the second quarter worth approximately $1,777,000. Swiss National Bank acquired a new stake in IAC/InterActive during the second quarter worth approximately $7,178,000. Finally, Suntrust Banks Inc. acquired a new stake in IAC/InterActive during the second quarter worth approximately $318,000.

IAC/InterActive Company Profile

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