IAC/InterActiveCorp (NASDAQ:IAC) registered a 6.74% increase, still its new closing price is 87.64% up from the company’s 1 year high of 71.48.It posted 4.13% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 19 stock analysts following this company have an average price target at $78.83, with individual PT in the $55.00-$91.00 range. The shares moved at $72.84, implying that brokerage firms see shares gaining about 59.11% in twelve months time.
IAC/InterActiveCorp (IAC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 12.42% rise year to date. A EVP & General Counsel at IAC/InterActiveCorp (IAC) offloaded shares in a transaction closed on Thursday June 02, 2016. WINIARSKI GREGG sold 50,000 shares in the company at $54.91 each and collected $2,745,001 in proceeds. WINIARSKI GREGG now owns 23,944 shares in the company after this transaction. A Vice Chairman in the company, KAUFMAN VICTOR, disclosed a transaction on Monday May 09, 2016 that ended up generating $7,643,001 from the sale of 140,850 shares at $54.27 per share.
IAC/InterActiveCorp (NASDAQ:IAC) Upcoming Results on Tap
IAC/InterActiveCorp will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.84 in that period. Sales during the quarter are predicted to arrive at $787.85 million.
Earnings surprise history: Last quarter, the company posted approximately $764.1 million in revenue and EPS of $0.73. The mean forecast was for $755.72 million and $0.68 a share, respectively. One quarter earlier, revenue for the stock was at $745.44 million, with earnings at $0.42/share.
IAC/InterActiveCorp (IAC) Brokerage Update
IAC/InterActiveCorp (IAC) is in Guggenheim’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Guggenheim, according to news reported on Friday January 20, 2017.Another important research note was issued by Wells Fargo on Tuesday September 20, 2016.The firm upgraded IAC to Outperform from Market Perform. Over the last six months and over the last three months, the shares of IAC/InterActiveCorp (IAC), have changed 23.54% and 12.29%, respectively.