IAC/InterActiveCorp (NASDAQ:IAC) – Analysts at SunTrust Banks issued their Q2 2020 earnings per share estimates for shares of IAC/InterActiveCorp in a research report issued on Monday, February 10th. SunTrust Banks analyst Y. Squali forecasts that the company will earn $1.33 per share for the quarter. SunTrust Banks has a “Buy” rating and a $267.00 price target on the stock. SunTrust Banks also issued estimates for IAC/InterActiveCorp’s Q3 2020 earnings at $1.53 EPS, FY2020 earnings at $3.59 EPS, FY2021 earnings at $8.86 EPS, FY2022 earnings at $12.39 EPS and FY2023 earnings at $16.54 EPS.
Other equities analysts have also recently issued research reports about the company. Wedbush reduced their price target on IAC/InterActiveCorp from $295.00 to $283.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays reiterated a “buy” rating on shares of IAC/InterActiveCorp in a report on Friday, February 7th. Guggenheim reiterated a “buy” rating on shares of IAC/InterActiveCorp in a report on Wednesday, January 8th. Aegis reiterated a “buy” rating and set a $313.00 price target on shares of IAC/InterActiveCorp in a report on Friday, December 20th. Finally, Deutsche Bank reduced their price target on IAC/InterActiveCorp from $279.00 to $256.00 and set a “buy” rating for the company in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $286.95.
IAC/InterActiveCorp stock opened at $237.95 on Thursday. IAC/InterActiveCorp has a 52 week low of $201.50 and a 52 week high of $278.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.56 and a current ratio of 3.56. The stock has a market capitalization of $20.13 billion, a P/E ratio of 52.88, a PEG ratio of 1.33 and a beta of 0.91. The stock has a 50-day simple moving average of $255.99 and a 200 day simple moving average of $237.98.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.13). IAC/InterActiveCorp had a return on equity of 11.62% and a net margin of 9.06%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business posted $2.04 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in IAC/InterActiveCorp by 10.6% during the 2nd quarter. BlackRock Inc. now owns 6,418,237 shares of the company’s stock valued at $1,396,160,000 after purchasing an additional 615,478 shares in the last quarter. Fox Run Management L.L.C. boosted its position in IAC/InterActiveCorp by 28.3% in the 3rd quarter. Fox Run Management L.L.C. now owns 1,430 shares of the company’s stock valued at $312,000 after buying an additional 315 shares during the last quarter. DNB Asset Management AS boosted its position in IAC/InterActiveCorp by 3.2% in the 3rd quarter. DNB Asset Management AS now owns 14,718 shares of the company’s stock valued at $3,208,000 after buying an additional 450 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in IAC/InterActiveCorp by 21.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,282 shares of the company’s stock valued at $933,000 after buying an additional 763 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in IAC/InterActiveCorp by 131.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,307 shares of the company’s stock valued at $4,208,000 after buying an additional 10,956 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.
In other news, CFO Glenn Schiffman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $225.31, for a total transaction of $225,310.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at $225,310. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $2,936,110. Corporate insiders own 11.50% of the company’s stock.
IAC/InterActiveCorp Company Profile
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.
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