Investing.com - Financial Markets Worldwide

Strength Seen in IAC/InterActiveCorp (IAC): Can Its 3.2% Jump Turn into More Strength?

ByZacks Investment Research
Published 05/27/2021, 01:44 AM
Updated 10/23/2024, 11:45 AM
IAC
-
ANGI
-
VMEO
-

IAC/InterActiveCorp (NASDAQ:IAC) shares ended the last trading session 3.2% higher at $163.80. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 37.2% loss over the past four weeks.

Shares of IAC/InterActiveCorp gained as Wedbush maintained its Outperforming rating and Oppenheimer also reiterated its Buy rating on the stock following the completion of the Vimeo (NASDAQ:VMEO) spin-off.
Wedbush’s target price of $193 implies an 18% upside. The Oppenheimer analyst has set a target price of $185, which is 13% above the current price.
IAC/InterActiveCorp has completed the previously announced spin-off its full stake in Vimeo, a video software company. Vimeo has begun trading as a separate, publicly-traded company on the NASDAQ under the symbol “VMEO”. Notably, Vimeo is the 11th public company to spin out from IAC/InterActiveCorp in the last 25 years of its history. Per the deal, IAC/InterActiveCorp shareholders received 1.6235 shares of the newly-formed VMEO for each share of IAC/InterActiveCorp held.
IAC would continue to operate Dotdash, Search, Mosaic Group, Care.com and other businesses, along with majority ownership in ANGI Homeservices (NASDAQ:ANGI), which includes HomeAdvisor and Handy.
Shares of IAC/InterActiveCorp gained as Wedbush maintained its Outperforming rating and Oppenheimer also reiterated its Buy rating on the stock following the completion of the Vimeo spin-off. Wedbush’s target price of $193 implies an 18% upside. The Oppenheimer analyst has set a target price of $185, which is 13% above the current price.
IAC/InterActiveCorp has completed the previously announced spin-off its full stake in Vimeo, a video software company. Vimeo has begun trading as a separate, publicly-traded company on the NASDAQ under the symbol “VMEO”. Notably, Vimeo is the 11th public company to spin out from IAC/InterActiveCorp in the last 25 years of its history. Per the deal, IAC/InterActiveCorp shareholders received 1.6235 shares of the newly-formed VMEO for each share of IAC/InterActiveCorp held.
IAC would continue to operate Dotdash, Search, Mosaic Group, Care.com and other businesses, along with majority ownership in ANGI Homeservices, which includes HomeAdvisor and Handy.
Shares of IAC/InterActiveCorp gained as Wedbush maintained its Outperforming rating and Oppenheimer also reiterated its Buy rating on the stock following the completion of the Vimeo spin-off.
Wedbush’s target price of $193 implies an 18% upside. The Oppenheimer analyst has set a target price of $185, which is 13% above the current price.

IAC/InterActiveCorp has completed the previously announced spin-off its full stake in Vimeo, a video software company. Vimeo has begun trading as a separate, publicly-traded company on the NASDAQ under the symbol “VMEO”. Notably, Vimeo is the 11th public company to spin out from IAC/InterActiveCorp in the last 25 years of its history. Per the deal, IAC/InterActiveCorp shareholders received 1.6235 shares of the newly-formed VMEO for each share of IAC/InterActiveCorp held.
IAC would continue to operate Dotdash, Search, Mosaic Group, Care.com and other businesses, along with majority ownership in ANGI Homeservices, which includes HomeAdvisor and Handy.

Price and Consensus

Price Consensus Chart for IAC

This Y is expected to post quarterly loss of $0.37 per share in its upcoming report, which represents a year-over-year change of -76.2%. Revenues are expected to be $901.29 million, up 24.1% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For IAC/InterActiveCorp, the consensus EPS estimate for the quarter has been revised 11.9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on IAC going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

IACInterActiveCorp (IAC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.