After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for IAC/InterActiveCorp (IAC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.35, or -0.66%, to $52.75. The IAC/InterActiveCorp has recorded 17,138 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted IAC TO ANNOUNCE Q1 2023 EARNINGS ON MAY 9th AND HOST EARNINGS CONFERENCE CALL ON MAY 10th.
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Stocks Info
IAC belongs to the Communication Services sector of the NASDAQ while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $53.10 and fluctuated between $53.69 as its day high and $52.70 as its day low. The current market capitalization of IAC/InterActiveCorp is $4.66B. A total of 0.63 million shares were traded on the day, compared to an average of 791.15K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IAC has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 581 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 1 SELLs from insiders. Insiders purchased 159,073 shares during that period but sold 8,094.
In the most recent transaction, EISNER MICHAEL D bought 32,600 shares of IAC for 47.91 per share on Nov 23. After the transaction, the Director now owns 157,084 company shares. In a previous transaction on Nov 22, EISNER MICHAEL D bought 73,641 shares at 46.78 per share. IAC shares that Director owns now total 124,484.
Among the insiders who bought shares, IAC Inc. acquired of 51,100 shares on Aug 23 at a per-share price of $34.41. This resulted in the 10% Owner holding 64,723,602 shares of IAC after the transaction. In another insider transaction, IAC Inc. bought 148,000 shares at $33.78 per share on Aug 22. Company shares held by the 10% Owner now total 64,672,502.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. IAC’s most recent ex-dividend date was 11/10/2015 when it declared a $0.34 quarterly dividend that was paid in cash on 12/1/2015. Previously, the company paid the dividend on 9/1/2015 with an ex-dividend date of 8/12/2015. The IAC stock dividend was $0.34 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IAC in the last 3 months, the mean price target is $77.19 with high estimates of $120.00 and low estimates of $54.00. In terms of 52-week highs and lows, IAC has a high of $90.68 and a low of $41.52.
As of this writing, IAC has an earnings estimate of -$0.82 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.45 per share and a lower estimate of -$1.65. The company reported an EPS of -$0.74 in the last quarter, which was -42.30% lower than expectations of -$0.52.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IAC’s latest balance sheet shows that the firm has $2.14B in Cash & Short Term Investments as of fiscal 2021. There were $2.08B in debt and $1.61B in liabilities at the time. Its Book Value Per Share was $69.09, while its Total Shareholder’s Equity was $7.77B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IAC is Buy with a score of 4.85.
