Stock Mover of the Day: Iac (NASDAQ:IAC): Institutional Investor Sentiment Down to 0.61

November 29, 2016 - By kentuckypostne   ·   0 Comments

Stock Mover of the Day: Iac (NASDAQ:IAC): Institutional Investor Sentiment Down to 0.61

Sentiment for Iac (NASDAQ:IAC)

Iac (NASDAQ:IAC) institutional sentiment decreased to 0.61 in Q2 2016. Its down -0.25, from 0.86 in 2016Q1. The ratio fall, as 124 active investment managers increased and opened new equity positions, while 145 sold and trimmed holdings in Iac. The active investment managers in our partner’s database now hold: 65.00 million shares, down from 69.14 million shares in 2016Q1. Also, the number of active investment managers holding Iac in their top 10 equity positions increased from 6 to 10 for an increase of 4. Sold All: 38 Reduced: 107 Increased: 80 New Position: 44.

IAC/InterActiveCorp is a media and Internet company. The company has a market cap of $5.37 billion. The Company’s brands and products include HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid, Tinder and PlentyOfFish. It currently has negative earnings.

About 80,112 shares traded hands. IAC InterActiveCorp (NASDAQ:IAC) has risen 47.32% since April 26, 2016 and is uptrending. It has outperformed by 42.07% the S&P500.

Analysts await IAC InterActiveCorp (NASDAQ:IAC) to report earnings on February, 7. They expect $0.82 EPS, up 15.49% or $0.11 from last year’s $0.71 per share. IAC’s profit will be $64.61M for 20.78 P/E if the $0.82 EPS becomes a reality. After $0.59 actual EPS reported by IAC InterActiveCorp for the previous quarter, Wall Street now forecasts 38.98% EPS growth.

According to Zacks Investment Research, “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.”

IAC InterActiveCorp (NASDAQ:IAC) Ratings Coverage

Ratings analysis reveals 87% of InterActiveCorp’s analysts are positive. Out of 15 Wall Street analysts rating InterActiveCorp, 13 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $39 while the high is $90. The stock’s average target of $69.46 is 1.92% above today’s ($68.15) share price. IAC was included in 19 notes of analysts from February 4, 2016. The rating was maintained by Needham on Thursday, February 4 with “Buy”. The company was maintained on Thursday, February 4 by RBC Capital Markets. The stock of IAC InterActiveCorp (NASDAQ:IAC) earned “Overweight” rating by JP Morgan on Tuesday, October 11. On Thursday, February 4 the stock rating was maintained by Oppenheimer with “Outperform”. On Thursday, February 4 the stock rating was maintained by Barclays Capital with “Overweight”. Benchmark maintained it with “Buy” rating and $80 target price in Thursday, February 4 report. The firm earned “Outperform” rating on Tuesday, June 7 by BMO Capital Markets. The company was initiated on Friday, November 18 by Aegis Capital. The rating was maintained by Axiom Capital on Friday, October 7 with “Buy”. Wells Fargo upgraded IAC InterActiveCorp (NASDAQ:IAC) on Tuesday, September 20 to “Outperform” rating.

More notable recent IAC InterActiveCorp (NASDAQ:IAC) news were published by: Prnewswire.com which released: “Class Action Lawsuit Alleges RICO Violations By IAC/InteractiveCorp (NASDAQ …” on November 17, 2016, also Nytimes.com with their article: “DealBook|IAC/InterActiveCorp Offers to Buy Angie’s List” published on November 11, 2015, Seekingalpha.com published: “IAC/InterActiveCorp: More Than Meets The Eye” on July 01, 2016. More interesting news about IAC InterActiveCorp (NASDAQ:IAC) were released by: Crainsnewyork.com and their article: “IAC/InterActiveCorp. spins off media and search properties into IAC Publishing …” published on December 09, 2015 as well as Reuters.com‘s news article titled: “CORRECTED-IAC/InterActiveCorp to make another bid for Angie’s List – NY Po…” with publication date: February 03, 2016.

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