IAC/InterActiveCorp (IAC) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a strong sell rating in a report published on Tuesday morning.

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. “

A number of other equities research analysts have also weighed in on IAC. BidaskClub lowered IAC/InterActiveCorp from a buy rating to a hold rating in a research report on Thursday, December 7th. Evercore ISI initiated coverage on IAC/InterActiveCorp in a research report on Tuesday, December 5th. They issued an outperform rating and a $155.00 price objective on the stock. ValuEngine lowered IAC/InterActiveCorp from a hold rating to a sell rating in a research report on Friday, December 1st. Cowen reiterated a buy rating and issued a $155.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, November 10th. Finally, Barclays lifted their price objective on IAC/InterActiveCorp from $150.00 to $155.00 and gave the stock an overweight rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $142.05.

Shares of IAC/InterActiveCorp (IAC) traded up $0.03 during trading on Tuesday, reaching $127.00. The company’s stock had a trading volume of 1,209,000 shares, compared to its average volume of 777,287. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $10,409.51, a PE ratio of 101.58, a P/E/G ratio of 27.96 and a beta of 1.09. IAC/InterActiveCorp has a 1-year low of $64.69 and a 1-year high of $137.86.

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

In related news, Director Edgar Bronfman, Jr. sold 2,289 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total transaction of $281,409.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David S. Rosenblatt sold 6,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $133.00, for a total value of $798,000.00. The disclosure for this sale can be found here. Insiders sold 86,789 shares of company stock valued at $11,192,565 in the last 90 days. Company insiders own 10.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of IAC. Fieldpoint Private Securities LLC purchased a new stake in IAC/InterActiveCorp during the third quarter valued at $105,000. ClariVest Asset Management LLC purchased a new stake in IAC/InterActiveCorp during the second quarter valued at $133,000. FNY Partners Fund LP purchased a new stake in IAC/InterActiveCorp during the second quarter valued at $152,000. First Mercantile Trust Co. purchased a new stake in IAC/InterActiveCorp during the second quarter valued at $193,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in IAC/InterActiveCorp during the second quarter valued at $205,000. 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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