IAC/InterActiveCorp (IAC) Lowered to “Strong Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a strong sell rating in a research report report published on Tuesday, December 19th.

According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “

Other equities research analysts have also recently issued reports about the company. Guggenheim reissued a buy rating and set a $135.00 price target (up from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 3rd. BidaskClub raised IAC/InterActiveCorp from a hold rating to a buy rating in a report on Tuesday, September 26th. Benchmark lifted their target price on IAC/InterActiveCorp from $135.00 to $150.00 and gave the stock a buy rating in a report on Thursday, September 21st. BMO Capital Markets reaffirmed a buy rating and issued a $160.00 target price (up from $130.00) on shares of IAC/InterActiveCorp in a report on Friday, October 13th. Finally, Jefferies Group reiterated a buy rating on shares of IAC/InterActiveCorp in a research report on Wednesday, October 11th. Three analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of Buy and an average target price of $143.62.

IAC/InterActiveCorp (NASDAQ IAC) opened at $134.70 on Tuesday. The stock has a market capitalization of $11,040.00, a price-to-earnings ratio of 30.20, a PEG ratio of 4.13 and a beta of 1.09. IAC/InterActiveCorp has a 52 week low of $66.35 and a 52 week high of $137.86. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. During the same quarter last year, the business earned $0.73 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. research analysts predict that IAC/InterActiveCorp will post 0.55 earnings per share for the current year.

In related news, Director David S. Rosenblatt sold 6,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $133.00, for a total transaction of $798,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,929 shares of company stock worth $22,516,569. Corporate insiders own 10.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can raised its holdings in IAC/InterActiveCorp by 0.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 23,180 shares of the company’s stock valued at $2,389,000 after acquiring an additional 203 shares during the last quarter. Sei Investments Co. raised its holdings in IAC/InterActiveCorp by 221.0% in the 2nd quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock valued at $1,824,000 after acquiring an additional 12,157 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in IAC/InterActiveCorp by 0.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,744 shares of the company’s stock valued at $26,300,000 after acquiring an additional 1,010 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at about $193,000. Finally, ClariVest Asset Management LLC acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

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About IAC/InterActiveCorp

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.

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