Favorable Media Coverage Somewhat Unlikely to Impact IAC/InterActiveCorp (IAC) Stock Price

Media coverage about IAC/InterActiveCorp (NASDAQ:IAC) has trended positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IAC/InterActiveCorp earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2298647168923 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have effected Accern’s analysis:

A number of analysts recently issued reports on the company. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating and issued a $141.00 target price on shares of IAC/InterActiveCorp in a research report on Thursday, November 9th. Guggenheim reaffirmed a “buy” rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a research report on Friday. Zacks Investment Research downgraded IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group reiterated a “buy” rating on shares of IAC/InterActiveCorp in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the stock. IAC/InterActiveCorp currently has an average rating of “Buy” and an average target price of $142.76.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down $0.03 during trading hours on Friday, hitting $126.97. The stock had a trading volume of 485,686 shares, compared to its average volume of 1,107,351. IAC/InterActiveCorp has a 12 month low of $64.69 and a 12 month high of $137.86. The company has a market capitalization of $10,411.97, a PE ratio of 32.06, a PEG ratio of 27.96 and a beta of 1.09. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57.

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

In other IAC/InterActiveCorp news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $126.68, for a total transaction of $3,406,045.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,676 shares of company stock valued at $14,598,610. 10.60% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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