IAC/InterActiveCorp (IAC) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on IAC/InterActiveCorp. IAC/InterActiveCorp was Resumed by BofA/Merrill to “Buy” on Feb 29, 2016. Shares were Reiterated by Axiom Capital on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 74 from a previous price target of $84 .Stifel Upgraded IAC/InterActiveCorp on Feb 12, 2016 to ” Buy”, Price Target of the shares are set at $52.
On the company’s financial health, IAC/InterActiveCorp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $819.20 million for the quarter, compared to analysts expectations of $806.30 million. The company’s revenue was up 6.0% compared to the same quarter last year.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.