IAC/InterActiveCorp (IAC) Getting Somewhat Positive Press Coverage, Accern Reports
Headlines about IAC/InterActiveCorp (NASDAQ:IAC) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. IAC/InterActiveCorp earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.3470365564293 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- SoundCloud Accepts $170M Rescue, Taps New CEO (hollywoodreporter.com)
- SoundCloud Accepts $170 Million Rescue, Taps New CEO to Replace Alex Ljung: Exclusive Interview (billboard.com)
- Form 4 IAC/INTERACTIVECORP For: Aug 08 (streetinsider.com)
- IAC/InterActiveCorp (IAC) Investment Down in Latest Report from Artisan Partners Limited Partnership (highlightpress.com)
- IAC/InterActiveCorp’s (NASDAQ:IAC) Outperform Rating Reaffirmed at Oppenheimer Holdings, Inc. (americanbankingnews.com)
IAC/InterActiveCorp (NASDAQ:IAC) traded up 2.38% during trading on Friday, hitting $103.44. The stock had a trading volume of 446,117 shares. The stock has a market capitalization of $8.25 billion, a P/E ratio of 36.97 and a beta of 1.14. The company has a 50-day moving average of $105.20 and a 200-day moving average of $89.84. IAC/InterActiveCorp has a 52 week low of $56.41 and a 52 week high of $114.72.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business had revenue of $767.39 million for the quarter, compared to the consensus estimate of $758.01 million. During the same quarter last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts expect that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
Several brokerages have recently commented on IAC. UBS AG reiterated a “buy” rating and set a $115.00 target price (up from $84.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Stifel Nicolaus reduced their target price on IAC/InterActiveCorp from $103.00 to $73.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Barclays PLC reiterated an “overweight” rating and set a $130.00 target price (up from $105.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Bank of America Corporation reiterated a “buy” rating and set a $133.00 target price on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. Finally, TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $107.20.
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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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