IAC/InterActiveCorp (IAC) Earns Coverage Optimism Rating of 0.25
Media headlines about IAC/InterActiveCorp (NASDAQ:IAC) have trended positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IAC/InterActiveCorp earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.5902911902602 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Pepperjam Appoints Digital Marketing Veteran Matt Gilbert as its CEO (martechadvisor.com)
- Effective Mover to See- IAC/InterActiveCorp (IAC) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- IAC/InterActiveCorp (IAC) Gets Boost From Match.com – ValueWalk (valuewalk.com)
- IAC To Announce Earnings On February 7th (finance.yahoo.com)
- ANGI Homeservices To Audiocast Q4 2017 Earnings Conference Call (finance.yahoo.com)
IAC has been the topic of several recent analyst reports. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $168.00 price objective (up from $150.00) on shares of IAC/InterActiveCorp in a research report on Monday, January 8th. Zacks Investment Research cut IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Bank of America reaffirmed a “buy” rating and set a $150.00 price objective (up from $133.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, October 10th. Finally, Guggenheim reaffirmed a “buy” rating and set a $150.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. IAC/InterActiveCorp currently has an average rating of “Buy” and an average target price of $143.62.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts anticipate that IAC/InterActiveCorp will post 0.55 EPS for the current year.
In other news, CEO Joseph Levin sold 78,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total value of $10,113,155.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark J. Stein sold 26,887 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The disclosure for this sale can be found here. Insiders sold 175,929 shares of company stock worth $22,516,569 in the last ninety days. Corporate insiders own 10.60% of the company’s stock.
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IAC/InterActiveCorp Company Profile
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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