IAC/InterActiveCorp (NASDAQ:IAC) – Research analysts at Truist Securiti increased their Q4 2020 earnings per share estimates for shares of IAC/InterActiveCorp in a note issued to investors on Monday, January 11th. Truist Securiti analyst Y. Squali now expects that the company will earn ($0.52) per share for the quarter, up from their previous estimate of ($0.57). Truist Securiti also issued estimates for IAC/InterActiveCorp’s Q4 2021 earnings at ($0.45) EPS, FY2021 earnings at ($1.69) EPS, FY2022 earnings at $0.46 EPS, FY2023 earnings at $2.98 EPS and FY2024 earnings at $5.42 EPS.
Other equities analysts also recently issued reports about the stock. Truist increased their price target on shares of IAC/InterActiveCorp from $140.00 to $152.00 in a research note on Monday, November 9th. Oppenheimer began coverage on shares of IAC/InterActiveCorp in a research note on Wednesday, December 9th. They issued a “buy” rating and a $150.00 price target for the company. Piper Sandler raised their target price on shares of IAC/InterActiveCorp from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets downgraded shares of IAC/InterActiveCorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $165.00 to $175.00 in a research note on Wednesday, December 23rd. Finally, Credit Suisse Group raised their target price on shares of IAC/InterActiveCorp from $199.00 to $208.00 in a research note on Monday, November 9th. Three 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 company. IAC/InterActiveCorp presently has an average rating of “Buy” and a consensus target price of $193.29.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Thursday, November 5th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $2.59. The company had revenue of $788.38 million during the quarter, compared to the consensus estimate of $767.89 million. During the same period in the previous year, the company earned $1.35 earnings per share. IAC/InterActiveCorp’s quarterly revenue was up 11.8% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of IAC. Column Capital Advisors LLC boosted its stake in shares of IAC/InterActiveCorp by 1,135.3% during the 3rd quarter. Column Capital Advisors LLC now owns 210 shares of the company’s stock worth $25,000 after acquiring an additional 193 shares during the last quarter. Paces Ferry Wealth Advisors LLC purchased a new stake in shares of IAC/InterActiveCorp in the 3rd quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of IAC/InterActiveCorp in the 3rd quarter worth about $29,000. Tompkins Financial Corp purchased a new stake in shares of IAC/InterActiveCorp in the 3rd quarter worth about $32,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of IAC/InterActiveCorp by 44.5% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 276 shares of the company’s stock worth $33,000 after buying an additional 85 shares in the last quarter. Institutional investors own 6.06% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp operates as a media and internet company worldwide. It operates various platforms, such as Ask.com that empowers people to find, learn, and explore answers from any device or location; Bluecrew, an on-demand platform for flexible W-2 work job seekers for sustainable and reliable employment that fits their schedules across a range of industries, including warehousing, logistics, e-commerce, events, delivery, and hospitality; Care.com, a leading platform for finding and managing family care; and Dotdash that help people to find answers and solve problems.
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