TheStreet Lowers IAC/InterActiveCorp (IAC) to C+

TheStreet lowered shares of IAC/InterActiveCorp (NYSE:IAC) from a b- rating to a c+ rating in a research report sent to investors on Thursday.

Several other research firms have also recently weighed in on IAC. Oppenheimer Holdings Inc. restated an outperform rating and set a $94.00 price target (up from $88.00) on shares of IAC/InterActiveCorp in a report on Friday, February 10th. Aegis initiated coverage on IAC/InterActiveCorp in a report on Friday, November 18th. They set a buy rating and a $80.00 price target on the stock. Needham & Company LLC restated a buy rating and set a $84.00 price target (up from $75.00) on shares of IAC/InterActiveCorp in a report on Friday, February 3rd. SunTrust Banks, Inc. restated a buy rating and set a $87.00 price target on shares of IAC/InterActiveCorp in a report on Monday, February 27th. Finally, Jefferies Group LLC boosted their price target on IAC/InterActiveCorp from $74.00 to $85.00 and gave the stock a hold rating in a report on Friday, February 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $81.00.

Analyst Recommendations for IAC/InterActiveCorp (NYSE:IAC)

Shares of IAC/InterActiveCorp (NYSE:IAC) opened at 73.75 on Thursday. The company’s 50-day moving average price is $74.09 and its 200-day moving average price is $67.30. IAC/InterActiveCorp has a 1-year low of $45.00 and a 1-year high of $77.46. The company’s market capitalization is $5.73 billion.

IAC/InterActiveCorp (NYSE:IAC) last released its quarterly earnings results on Wednesday, February 1st. The company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.43. The firm had revenue of $811.20 million for the quarter, compared to the consensus estimate of $781.60 million. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, equities analysts expect that IAC/InterActiveCorp will post $3.34 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC acquired a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at about $162,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of IAC/InterActiveCorp by 0.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,670 shares of the company’s stock valued at $177,000 after buying an additional 25 shares during the period. Pillar Pacific Capital Management LLC acquired a new position in shares of IAC/InterActiveCorp during the third quarter valued at about $212,000. Parametrica Management Ltd acquired a new position in shares of IAC/InterActiveCorp during the third quarter valued at about $213,000. Finally, World Asset Management Inc acquired a new position in shares of IAC/InterActiveCorp during the third quarter valued at about $221,000.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

5 Day Chart for NYSE:IAC

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