IAC/InterActive (NYSE:IAC)‘s stock had its “buy” rating restated by investment analysts at SunTrust Banks Inc. in a research report issued on Wednesday. They presently have a $73.00 price target on the stock, up from their prior price target of $70.00. SunTrust Banks Inc.’s price objective would indicate a potential upside of 18.28% from the stock’s previous close.
IAC has been the subject of a number of other research reports. Zacks Investment Research lowered shares of IAC/InterActive from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 28th. Wells Fargo & Co. upgraded shares of IAC/InterActive from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 20th. Jefferies Group reiterated a “hold” rating and set a $60.00 price objective on shares of IAC/InterActive in a report on Tuesday, August 23rd. Axiom Securities reiterated a “buy” rating on shares of IAC/InterActive in a report on Wednesday, June 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective (up previously from $62.00) on shares of IAC/InterActive in a report on Tuesday, June 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $69.50.
Shares of IAC/InterActive (NYSE:IAC) opened at 61.72 on Wednesday. The stock’s market cap is $4.91 billion. IAC/InterActive has a one year low of $38.82 and a one year high of $72.94. The company has a 50-day moving average of $60.32 and a 200 day moving average of $55.61.
IAC/InterActive (NYSE:IAC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $745.40 million for the quarter, compared to the consensus estimate of $748.73 million. During the same period last year, the firm earned $0.85 EPS. IAC/InterActive’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, analysts predict that IAC/InterActive will post $2.58 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in IAC/InterActive during the second quarter valued at approximately $301,777,000. Boston Partners bought a new stake in IAC/InterActive during the second quarter valued at $230,954,000. Artisan Partners Limited Partnership bought a new stake in IAC/InterActive during the second quarter valued at $123,187,000. BlackRock Institutional Trust Company N.A. bought a new stake in IAC/InterActive during the second quarter valued at $114,075,000. Finally, Luxor Capital Group LP bought a new stake in IAC/InterActive during the second quarter valued at $113,704,000.