IAC/InterActiveCorp (NASDAQ:IAC) Stock Traded 6.8% Above Its 50 Day Moving Average

Lloyd Doyle
October 11, 2017

Through Open Trading protocols, it executes trades in certain bonds between and among institutional investor and broker-dealer clients in a trading environment on a matched principal basis.

Merrill Lynch analyst Nat Schindler maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) today and set a price target of $150. Therefore 80% are positive.

More news for IAC InterActiveCorp (NASDAQ:IAC) were recently published by: Streetinsider.com, which released: "Form 8-K IAC/INTERACTIVECORP For: Sep 26" on September 27, 2017.

It is now trading at $122.24 which is just over $113.66, the stock's 50 day moving average and much higher than the 200 day moving average of $100.69. InterActiveCorp had 14 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, September 6 by Jefferies. Susquehanna Bancshares Inc reiterated a "positive" rating and set a $140.00 price target (up previously from $114.00) on shares of IAC/InterActiveCorp in a report on Wednesday, August 9th. Wells Fargo & Company restated a buy rating on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Cowen & Co maintained the shares of IAC in report on Thursday, August 3 with "Buy" rating. Piper Jaffray maintained the stock with "Buy" rating in Wednesday, August 2 report. The rating was maintained by Citigroup on Monday, October 9 with "Buy". The firm earned "Buy" rating on Tuesday, January 12 by Axiom Capital. The stock of IAC InterActiveCorp (NASDAQ:IAC) earned "Neutral" rating by Guggenheim on Friday, January 20.

About 100 shares traded. IAC InterActiveCorp (IAC) has risen 94.44% since October 10, 2016 and is uptrending. It has outperformed by 41.18% the S&P500.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, August 2nd. They expect $0.71 earnings per share, up 20.34% or $0.12 from last year's $0.59 per share. IAC's profit will be $56.62 million for 43.00 P/E if the $0.71 EPS becomes a reality. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.24.

IAC/InterActiveCorp is a media and Internet company. The company has market cap of $710.46 million. The Company's brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group's online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. It has a 13.37 P/E ratio. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing.

Since April 11, 2017, it had 0 insider purchases, and 1 insider sale for $45,258 activity.

About shares traded. MarketAxess Holdings Inc.

Headlines about IAC/InterActiveCorp (NASDAQ:IACI) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports.

Among 14 analysts covering Hormel Foods Corporation (NYSE:HRL), 5 have Buy rating, 2 Sell and 7 Hold. The firm has "Outperform" rating by Raymond James given on Tuesday, January 3. C M Bidwell & Associate Limited holds 0% or 15 shares in its portfolio.

Cardinal Capital Management Llc, which manages about $1.96B and $2.53 billion US Long portfolio, upped its stake in Resolute Energy Corp by 207,388 shares to 515,787 shares, valued at $15.36M in 2017Q2, according to the filing. Llc has 1.25% invested in the company for 447,465 shares.

Cardinal Capital Management Llc decreased its stake in Iac Interactivecorp (IACI) by 13.35% based on its latest 2017Q2 regulatory filing with the SEC. Essex Investment Ltd Company, Massachusetts-based fund reported 4,859 shares.

Analysts await MarketAxess Holdings Inc. Tfs Lc reported 0.16% in IAC InterActiveCorp (NASDAQ:IAC). During the same period in the prior year, the business earned $0.42 EPS. After $0.44 actual EPS reported by IAC InterActiveCorp for the previous quarter, Wall Street now forecasts 61.36% EPS growth.

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