IAC/InterActiveCorp (IAC) is Reiterated by Axiom Capital to Buy, Raises Price Target to $ 80

IAC/InterActiveCorp (IAC) was Reiterated by Axiom Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 80 from a previous price target of $74 . Axiom Capital advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on IAC/InterActiveCorp. IAC/InterActiveCorp was Upgraded by Wells Fargo to ” Outperform” on Sep 20, 2016.

On the company’s financial health, IAC/InterActiveCorp reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $745.40 million for the quarter, compared to analysts expectations of $748.35 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

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.


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