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Jefferies Financial Group Comments on IAC/InterActiveCorp's Q1 2021 Earnings (NASDAQ:IAC)

Last updated on Friday, May 7, 2021 | 2021 MarketBeat

IAC/InterActiveCorp (NASDAQ:IAC) - Jefferies Financial Group raised their Q1 2021 earnings per share estimates for IAC/InterActiveCorp in a report released on Wednesday, May 5th. Jefferies Financial Group analyst B. Thill now expects that the company will post earnings of ($0.45) per share for the quarter, up from their prior estimate of ($0.58). Jefferies Financial Group also issued estimates for IAC/InterActiveCorp's Q2 2021 earnings at ($0.32) EPS, Q3 2021 earnings at ($0.23) EPS, Q4 2021 earnings at $0.03 EPS, FY2021 earnings at ($0.95) EPS, FY2022 earnings at $0.25 EPS and FY2023 earnings at $3.01 EPS. IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, February 3rd. The company reported $5.59 earnings per share for the quarter, beating analysts' consensus estimates of ($0.52) by $6.11. The business had revenue of $848.82 million during the quarter, compared to analysts' expectations of $816.45 million. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share.

Several other research firms have also issued reports on IAC. Oppenheimer lifted their target price on IAC/InterActiveCorp from $210.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, February 5th. 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. JPMorgan Chase & Co. lifted their target price on IAC/InterActiveCorp from $195.00 to $225.00 in a research note on Tuesday, January 26th. Credit Suisse Group lifted their target price on IAC/InterActiveCorp from $253.00 to $291.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Wedbush boosted their price target on IAC/InterActiveCorp from $237.00 to $262.00 and gave the stock an "outperform" rating in a research note on Friday, February 5th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. IAC/InterActiveCorp has an average rating of "Buy" and an average target price of $233.57.

NASDAQ IAC opened at $230.68 on Friday. The company has a fifty day moving average of $238.71 and a two-hundred day moving average of $199.08. IAC/InterActiveCorp has a 52 week low of $100.22 and a 52 week high of $266.00.

Several institutional investors have recently added to or reduced their stakes in IAC. First National Bank of Omaha acquired a new position in IAC/InterActiveCorp in the first quarter valued at approximately $204,000. Blueshift Asset Management LLC lifted its holdings in IAC/InterActiveCorp by 225.4% in the first quarter. Blueshift Asset Management LLC now owns 3,934 shares of the company's stock valued at $851,000 after acquiring an additional 2,725 shares during the period. Estate Counselors LLC acquired a new position in IAC/InterActiveCorp in the first quarter valued at approximately $1,027,000. O Shares Investment Advisers LLC acquired a new position in IAC/InterActiveCorp in the first quarter valued at approximately $2,904,000. Finally, Alta Capital Management LLC acquired a new position in IAC/InterActiveCorp in the first quarter valued at approximately $545,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

IAC/InterActiveCorp Company Profile

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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Earnings History and Estimates for IAC/InterActiveCorp (NASDAQ:IAC)

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