IAC - IAC/InterActiveCorp
| Previous Close | 233.56 |
| Open | 232.17 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's Range | 227.41 - 233.58 |
| 52 Week Range | 201.50 - 278.85 |
| Volume | 611,849 |
| Avg. Volume | 936,660 |
| Market Cap | 19.341B |
| Beta (5Y Monthly) | 0.89 |
| PE Ratio (TTM) | 50.71 |
| EPS (TTM) | 4.50 |
| Earnings Date | May 05, 2020 - May 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Nov 09, 2015 |
| 1y Target Est | 290.47 |
- TipRanks
3 Small-Cap Tech Stocks That Are Screaming Buys Right Now
The tech sector has a reputation for taking all the oxygen in the markets – and for good reason. Tech stocks are the go-to thing in the today’s economy, where profitability is based on digital information. That’s just where the money is.And the numbers show it, as far as they can. Just two of the biggest tech companies, Apple and Microsoft, brought in a whopping 15% of the total return on the S&P 500 last year. It was truly an impressive performance.But for return-minded investors, the tech giants are not the only game in town. The small- to large-cap companies may not generate the buzz and the headlines, and their share of the broader market may not match the giants’, but Wall Street’s analysts say they are upward bound.With that in mind, we’ve used the TipRanks Stock Screener to search the database for smaller tech stocks with unanimous Buy ratings and better than 20% upside potential. Let’s take a closer look.Harmonic, Inc. (HLIT)The rise of the digital world has brought video content to the fore. From YouTube’s early days, to today’s ‘video on demand’ streaming sites, it’s clear that online content consumers want to see and hear more than just read. Harmonic inhabits the online video ecosystem, providing technology to develop and market video routing, server, and storage systems for producers and distributors.HLIT shares saw a recent drop, losing 15% year-to-date, despite a solid final quarter in 2019. Q4 results were solid, beating the estimates on both earnings and revenue. EPS, at 12 cents, was 50% better than expected, while the $122.2 million in revenue was 8.1% over the forecasts. It is the fourth quarter in a row that HLIT has beaten expectations. Forward guidance, however, overshadowed the earnings beat. The company issued projected 2020 earnings of $390 to $430 million, well below the $438.8 million consensus.Wall Street sees that pullback as creating a better entry point for the stock. Richard Valera, 5-star analyst with Needham, writes, “HLIT saw solid progress on the transition to SaaS/OTT in its video business, even as it issued below consensus revenue guidance for 2020. Net, with a solidified, if not enhanced, strategic position in the $1B+ CCAP/DAA market, and a conservatively set bar for 2020, we see HLIT shares as very attractive at current levels.”Valera’s $10 price target implies a 50% upside for the stocks, and reinforces his Buy rating. (To watch Valera’s track record, click here)Shares in Harmonic are selling for $6.67, and the average price target on the stock, $9.17, suggests room for 38.5% upside growth. The Strong Buy analyst consensus is based on 3 recent reviews, all Buys. (See Harmonic stock analysis at TipRanks)IAC/InterActiveCorp (IAC)Next up is the largest tech company on today’s list, with a market cap of $20 billion. InterActiveCorp is a holding company, owning media and internet brands in 100 countries worldwide. IAC’s brands include Match Group – the parent company of internet dating sites Tinder, OkCupid, and Match.com – as well as Vimeo, HomeAdvisor, and Investopedia. The company brings in well over $3 billion in annual revenues.IAC has a history of frequently shaking up its brand line-up. Last month, the company shed the CollegeHumor websites, while earlier this month it closed a $500 million deal to acquire Care.com. The acquisition represents a new move for IAC, as the company’s first step into the family care market, a $300 billion market. In another move of similar import, IAC will be spinning off the Match Group brands later this year.In the last four reported quarter, IAC has beaten the forecasts three times. The miss came in the most recent quarter, Q4 2019. The company reported EPS of $1.08, missing the estimates by 8.5%, based on revenue of $1.22 billion. While the total revenue missed expectations by just under 1%, it did represent an 11% gain year-over-year.Weighing in on the stock for Nomura after the earnings came in, 4-star analyst Mark Kelley sees a clear path forward for IAC. He wrote, “Results in IAC’s stub businesses were mostly positive. Dotdash continues to generate strong results... Vimeo was led by 45% YoY growth in Enterprise offerings, which continues to be a clear focus... The emerging businesses and expansion into the home care market… will become all the more important following the Match spin, expected at the end of 2Q.”Kelley puts a Buy rating on IAC, along with a $304 price target. His target indicates confidence – and a 32% upside to the stock. (To watch Kelley’s track record, click here)IAC’s unanimous Strong Buy consensus rating is based on no fewer than 13 recent Buy-side reviews. The stock is currently priced at $230.97, and the $294.50 average price target suggests room for 28% growth to the upside. (See IAC’s stock analysis at TipRanks)PROS Holdings (PRO)We finish today’s list with PROS Holdings, a business computer software company. PROS offers cloud-based SaaS products for price optimization, revenue management, and sales effectiveness. The company is based in Houston, Texas, and has offices London, Paris, and Sydney. PROS made its start marketing revenue management systems to the airline industry; the company is expected to bring in $297 million for the current fiscal year.To finish up 2019, PRO reported an earnings loss and revenue beat. EPS came in 37% worse than expected, at a net loss of 11 cents per share. Revenues, on the other hand, were up, as the company reported $66.18 million for the final quarter of the year. That was 3% above the forecast, and an impressive 26% year-over-year gain. Analysts expect Q1 2020 to show results similar to Q4.PRO shares dropped on the earnings release, as the stock has slid 16% since the report went public. Investors were clearly concerned by the slip in earnings. RBC Capital Alex Zukin, however, sounds a different note, emphasizing the company’s strengths in his post-earnings review of the stock.Zukin, a 5-star analyst, says up front, “PROS reported a record bookings quarter, its second of the year, and delivered revenue above expectations.” Regarding PRO’s forward prospects, he gets into greater detail, seeing three points to bolster optimism: “First, we think alignment with CRM/CPQ software means there is a clearer buyer for price optimization software. Second, we think a cloud delivery model helps… It also means the software can be consumed in smaller deals with faster time to value. Third, we think the digitization of B2B commerce likely increases the need for dynamic pricing across more companies and industries.”Zukin’s Buy rating on the stock comes with a $75 price target, suggesting a robust upside here of 47%. (To watch Zukin’s track record, click here.)All in all, PROS has 3 recent Buy ratings backing up its Strong Buy consensus. Shares are priced at $51.35, a bargain for such a high-potential stock. The average price target of $71.75 indicates room for 42% upside growth. (See PROS stock analysis at TipRanks)
- GuruFocus.com
The Top 5 Buys of Steve Mandel's Lone Pine Capital
Firm releases its 4th-quarter portfolio Continue reading...
- Zacks
Steer Clear Of These 5 Toxic Stocks Before It's Too Late
Figuring out bloated toxic stocks on a consistent basis and discarding them at the right time is the key to successful investing.
- Bloomberg
Expedia Jumps After Projecting ‘Double-Digit’ Profit Growth
(Bloomberg) -- Expedia Group Inc. gave a 2020 profit forecast for “double-digit” growth, topping analysts’ estimates and suggesting the company will be able to maintain bookings in the face of slowing global travel demand caused by the spreading coronavirus. Shares gained more than 10% in extended trading.The online travel giant reported revenue gained 7.3% to $2.75 billion in the fourth quarter, just missing the $2.77 billion analysts’ projected. Gross bookings climbed 5.9% to $23.2 billion in the period ended Dec. 31, the Seattle-based company said Thursday in a statement.Adjusted earnings before interest, taxes, depreciation and amortization was $478 million, beating the analysts’ average estimate of $451.6 million, according to data compiled by Bloomberg.“We are not providing a specific guidance range given uncertainty on how much cost savings we’ll recognize this year and the full effect of coronavirus,” Chairman Barry Diller and vice chairman Peter Kern said in the statement. “However, taking these factors into account, we expect 2020 Adjusted EBITDA growth to be in the double-digits.”The pair said they were targeting $300 million to $500 million in “run-rate cost savings across our business.”Diller said the company will streamline and simplify the business. “For several years we have really lost clarity and discipline,” he said on a conference call with analysts. “We were a bloated organization.”Shares jumped to a high of $124.25 in extended trading after closing at $110.59 in New York. The stock has dropped 13% in the past 12 months.The recent outbreak of the coronavirus, known as Covid-19, which originated in China and has spread to more than 20 countries, is battering hospitality companies from airlines to hotels to cruise operators as tourists cancel trips and businesses shutter events. The virus will dent the company’s bottom line by $30 million to $40 million in the current period, executives said on the call. However, Diller conceded the economic impact is difficult to predict.“We don’t truly know the extent of it,” Diller said, adding shortly after that he believes “it will go beyond Asia.”The health crisis is one of several challenges facing the company since Chief Executive Officer Mark Okerstrom and Chief Financial Officer Alan Pickerill were ousted in December after clashing with the board over prospects for growth. Diller said the company isn’t hunting for a new CEO. Instead, the 78-year-old billionaire media mogul will remain in control of the company’s day-to-day operations, along with Kern, for the foreseeable future -- but not beyond 2020.“I haven’t been on one of these analyst calls in endless amount of time so I’m probably a bit draggy,” said Diller, who is chairman and founder of IAC/InterActiveCorp. “Having been chairman of Expedia for, I don’t know, I think 20 years or so, I thought I knew a lot about the company, but there is nothing like being on the ground. And we’ve been on the ground.”In November, Okerstrom lowered the outlook for 2019 earnings after missing analysts’ estimates in the third quarter. Expedia largely blamed Google, which has been cramming the top of its search results with more advertising, pushing down free listings from travel companies and forcing them to spend more on marketing.Diller said he has reached out to Google’s senior management, telling them “exactly what we feel about this. “I have implored them to stop actually taking away the profits from businesses that are one of the main contributors to their advertising revenue.”Diller called for the federal government to regulate Google, saying the new search engine optimization changes were an “existential issue” for online travel agencies. The Federal Trade Commission and the U.S. Justice Department already have announced broad antitrust reviews of the major tech companies, including Alphabet Inc.’s Google.Expedia has been squeezed by Airbnb Inc. and Booking Holdings Inc. in vacation home rentals -- the fastest growing sector of the travel market. Last year, the company revamped its short-term rental unit Vrbo to try to catch up with its rivals. Vrbo reported revenue growth of 13% in the fourth quarter to $259 million. The unit generates about 10% of Expedia’s total revenue, but analysts and investors focus on Vrbo because it represents the company’s best bet for growth.In the fourth quarter, net income rose to $76 million. Profit, excluding certain items, was $1.24 a share, beating analysts’ average estimate of $1.14.(Updates with coronavirus impact in the eighth paragraph; comments from chairman throughout.)To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- PR Newswire
IAC Announces Close of $500 Million Care.com Acquisition
IAC (NASDAQ: IAC) today announced the completion of its acquisition of Care.com, Inc. ("Care.com"), the world's largest online marketplace for finding and managing family care, for $15.00 per share of common stock and the Preferred Share Offer Price (as defined below) per share of preferred stock in an all-cash transaction representing approximately $500 million of enterprise value. Now a wholly-owned subsidiary of IAC, Care.com, led by CEO Tim Allen, will be part of IAC's Emerging and Other reporting segment.
- PR Newswire
Generac Holdings Set to Join S&P MidCap 400; Alexander & Baldwin and America's Car-Mart to Join S&P SmallCap 600
S&P; Dow Jones Indices will make the following changes to the S&P; MidCap 400 and S&P; SmallCap 600 effective prior to the open of trading on Thursday, February 13:
- PR Newswire
IAC to Attend Goldman Sachs Technology & Internet Conference
IAC (Nasdaq: IAC) will attend the Goldman Sachs Technology and Internet Conference in San Francisco at The Palace Hotel on Wednesday, February 12, 2020. Glenn Schiffman, Chief Financial Officer of IAC, will present at 10:20 a.m. PT. A live webcast of the presentation will be available to the public at https://cc.talkpoint.com/gold006/021120a_js/?entity=42_FWGJ8NK and a replay of the webcast will be available at http://www.iac.com/Investors/ for 90 days following the conference. IAC will also post the presentation to its investor website.
- Simply Wall St.
Has IAC/InterActiveCorp (NASDAQ:IAC) Been Employing Capital Shrewdly?
Today we are going to look at IAC/InterActiveCorp (NASDAQ:IAC) to see whether it might be an attractive investment...
- Thomson Reuters StreetEvents
Edited Transcript of IAC earnings conference call or presentation 6-Feb-20 1:30pm GMT
Q4 2019 IAC/InterActiveCorp & ANGI Homeservices Inc Earnings Call
- Moody's
Match Group, Inc. -- Moody's assigns first-time Ba2 CFR to Match Group; Ba1 to new sr. sec. credit facilities, Ba3 to new sr. unsec. notes; outlook stable
Rating Action: Moody's assigns first-time Ba2 CFR to Match Group; Ba1 to new sr. sec. New York, February 06, 2020 -- Moody's Investors Service ("Moody's") has assigned to Match Group, Inc. ("Match" or the "company") a first-time Ba2 Corporate Family Rating (CFR) and Ba2-PD Probability of Default Rating (PDR). Concurrently, Moody's assigned Ba1 ratings to Match's upsized $750 million revolving credit facility (RCF) and $425 million term loan B, and a Ba3 rating to its proposed $500 million senior unsecured notes.
- Zacks
IAC/Interactive (IAC) Q4 Earnings and Revenues Lag Estimates
IAC/Interactive (IAC) delivered earnings and revenue surprises of -8.47% and -0.88%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
IAC earnings show big growth from media unit as company readies for life after Match Group
IAC/InterActiveCorp. continued its preparations for a life without Match Group Inc. in the fourth quarter, this time seeing fast growth from its DotDash media-brands business.
- MarketWatch
ANGI Homeservices stock drops after earnings
Shares of ANGI Homeservices Inc. were off 12% in after-hours trading Wednesday after the company reported lower-than-expected revenue for its fourth quarter. ANGI's revenue came in at $321.5 million, up from $279 million a year prior but below the $325 million FactSet consensus. The company posted break-even per-share earnings on a GAAP basis, which was in line with the consensus forecast, as well as adjusted earnings before interest, taxes, depreciation, and amortization of $54.8 million, a bit above the $54 million consensus forecast. Chief Executive Brandon Ridenour told MarketWatch that the international business saw some weakness in the quarter amid efforts to "replatform" the service in France, a major international market. Political events in the U.K. and France may have also negatively impacted financials, he said. The company is seeing positive "early indicators" around its fixed-price initiatives for many home-service categories, according to Ridenour. More of his comments can be found in our broader coverage of IAC/InterActiveCorp.'s results, which also came out Wednesday afternoon. IAC has a majority economic interest in the company, which was formed through the combination of Angie's List and HomeAdvisor. ANGI shares have gained 28% over the past three months as the S&P 500 has increased 8.7%.
- PR Newswire
IAC Earnings Release and Letter to Shareholders Available on Company's IR Site
IAC (NASDAQ: IAC) posted its fourth quarter financial results and a letter to shareholders on the investor relations section of the company's website at ir.iac.com/financial-information/quarterly-results. As announced previously, ANGI Homeservices will host a conference call during which IAC executives will also participate to answer questions regarding IAC. The ANGI Homeservices conference call will be held on Thursday, February 6, 2020 at 8:30 a.m. EDT. Participating in the ANGI Homeservices call will be Joey Levin, CEO of IAC and Chairman of ANGI Homeservices, Glenn H. Schiffman, Executive Vice President and CFO of IAC, and Brandon Ridenour, CEO of ANGI Homeservices.
- Barrons.com
IAC’s Earnings Missed Forecasts. Revenue Fell a Touch Short, Too.
The internet conglomerate will soon make a distribution to shareholders of its controlling stake in the dating-app giant Match Group.
- Barrons.com
Match Group Stock Is Falling Because Revenue and Guidance Were Not So Hot
Shares of the provider of dating products are sharply lower on disappointing fourth-quarter revenue, and guidance that didn’t meet expectations.
- PR Newswire
Dotdash Acquires Mother Nature Network and TreeHugger
Today, Dotdash announced its acquisition of Mother Nature Network, a top online destination for sustainability, environmental, and responsible living content, and TreeHugger, a leading publisher dedicated to driving sustainability mainstream, from Narrative Content Group. Terms of the deal were not disclosed.
- Zacks
Factors Setting the Tone for Match Group's (MTCH) Q4 Earnings
Match Group's (MTCH) fourth-quarter results are likely to reflect robust adoption of Tinder and increase in average subscriber base amid competition from Facebook Dating.
- Zacks
IAC/Interactive (IAC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
IAC/Interactive (IAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- CNW Group
Daily Burn and Holland America Line Form Partnership to Turn Fitness Resolutions Into Habits, Complete with Alaskan Getaway
NEW YORK , Jan. 22, 2020 /CNW/ -- Today, Daily Burn, the leading on-demand fitness collective, and global cruise line Holland America Line have partnered to help people stick to their fitness resolutions in 2020 and beyond. With this in mind, Daily Burn and Holland America Line are encouraging people to take their resolutions and turn them into habits through a 66-day fitness challenge through Daily Burn's on-demand, all-encompassing At Home membership. The winners will also receive year-long subscriptions to Daily Burn's At Home, Yoga, HIIT and Running memberships for them and a guest.
- Simply Wall St.
Are Investors Undervaluing IAC/InterActiveCorp (NASDAQ:IAC) By 40%?
How far off is IAC/InterActiveCorp (NASDAQ:IAC) from its intrinsic value? Using the most recent financial data, we'll...
- GlobeNewswire
ANGI Homeservices to Announce Q4 2019 Earnings on February 5th and Host Earnings Conference Call on February 6th
DENVER, Jan. 15, 2020 -- After the close of market trading on Wednesday, February 5, 2020, ANGI Homeservices (NASDAQ: ANGI) will post its fourth quarter results at.
- PR Newswire
IAC To Announce Q4 2019 Earnings On February 5th
After the close of market trading on Wednesday, February 5, 2020, IAC (NASDAQ: IAC) will post its fourth quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at ir.iac.com/financial-information/quarterly-results. On Thursday, February 6, 2020 at 8:30 a.m. EDT, ANGI Homeservices will host a conference call to discuss its fourth quarter results and IAC executives will participate to answer questions regarding IAC. In addition, Match Group will host a conference call to discuss its fourth quarter results on Wednesday, February 5, 2020 at 8:30 a.m. EDT.
