IAC/InterActiveCorp (NASDAQ:IAC) Stock Rating Upgraded by Zacks Investment Research


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IAC/InterActiveCorp (NASDAQ:IAC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday, Zacks.com reports. The brokerage presently has a $270.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 4.55% from the company’s previous close.

According to Zacks, “IAC/InterActiveCorp. builds companies. It operates Vimeo, Dotdash and Care.com, among many others, and also has majority ownership ANGI Homeservices, which includes HomeAdvisor, Angie’s List and Handy. IAC Holding Inc. is headquartered in New York City. “

Several other brokerages also recently issued reports on IAC. BTIG Research lifted their target price on IAC/InterActiveCorp from $180.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, December 23rd. Piper Sandler lifted their target price on IAC/InterActiveCorp from $240.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, February 5th. Cowen lifted their target price on IAC/InterActiveCorp from $265.00 to $300.00 in a research note on Wednesday, April 7th. Deutsche Bank Aktiengesellschaft lifted their target price on IAC/InterActiveCorp from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, February 5th. Finally, Credit Suisse Group lifted their target price on IAC/InterActiveCorp from $208.00 to $253.00 and gave the company an “outperform” rating in a research note on Monday, February 1st. Three research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $234.58.

Shares of NASDAQ:IAC opened at $258.24 on Monday. The stock’s 50-day simple moving average is $234.96 and its two-hundred day simple moving average is $184.65. IAC/InterActiveCorp has a 52-week low of $100.22 and a 52-week high of $266.00.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, February 3rd. The company reported $5.59 EPS for the quarter, topping the consensus estimate of ($0.52) by $6.11. The company had revenue of $848.82 million during the quarter, compared to the consensus estimate of $816.45 million. During the same period last year, the business earned $1.05 EPS. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts anticipate that IAC/InterActiveCorp will post -0.73 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Perigon Wealth Management LLC purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth $25,000. Tacita Capital Inc purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth $27,000. TRU Independence Asset Management 2 LLC purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth $27,000. Encompass Wealth Advisors LLC purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth $27,000. Finally, Freedman Financial Associates Inc. purchased a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth $35,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

About IAC/InterActiveCorp

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.

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