|Bid||245.60 x 900|
|Ask||265.00 x 900|
|Day's Range||245.03 - 250.32|
|52 Week Range||158.29 - 268.72|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||44.13|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||299.53|
The company has a history of spinning off large companies that stay successful after they separate from their parent. It also has a long-standing Denver connection.
Nomura Instinet is staying bullish on IAC/InterActiveCorp (NASDAQ: IAC) after its second-quarter report Wednesday and word that IAC is considering shedding its publicly traded subsidiary ANGI Homeservices Inc (NASDAQ: ANGI) — which was the only real drag on IAC during the quarter. Mark Kelley maintained a Buy rating on IAC/InterActiveCorp and boosted the target price from $282 to $314.
Moody's Investors Service ("Moody's") said IAC/InterActiveCorp's Ba2 Corporate Family Rating (CFR), existing debt ratings (at IAC and Match Group) and stable outlook are not immediately impacted by yesterday's announcement that IAC will explore the possible distribution of its equity interests in its two largest subsidiaries, Match Group and ANGI Homeservices, to IAC's shareholders. With principal executive offices in New York , N.Y., IAC/InterActiveCorp is a leading media and internet company that owns more than 150 internet-based brands and products.
Analysts see an “interesting” year ahead for IAC/InterActiveCorp., as the company considers whether to spin off subsidiaries ANGI Homeservices Inc. and Match Group Inc. and works to solve ANGI’s marketing issues.
IAC owns an 80% stake in Match Group, the parent company of multiple dating apps including Tinder. The company also owns an 83% stake in Angi Homeservices, the digital marketplace company with brands including Angie's List and Handy. On Thursday, IAC CEO Joey Levin told CNBC in an interview that the company has spun off around nine businesses to shareholders over its 15-year history.
Booking Holdings' (BKNG) second-quarter results benefit from solid growth in booked room nights and strong performance of merchant and, advertising and other businesses.
IAC/Interactive (IAC) delivered earnings and revenue surprises of 29.35% and 0.44%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Angi Homeservices (Nasdaq: ANGI) may be preparing to stand on its own, as its parent company IAC considers spinning the public company off. IAC (Nasdaq: IAC) told its shareholders in a letter on Wednesday that it was considering spinning off its two large publicly traded subsidiaries — Denver-based Angi and Match. The company said it hasn’t made a decision, but has been considering spinning off one, both or neither.
Match Group stock gapped up on its second-quarter earnings beat, once again squeezing short investors that bet against the company, which owns the popular mobile dating app Tinder.
IAC/InterActiveCorp (Nasdaq: IAC) is considering a spinoff of Dallas-based Match Group Inc. The New York parent company is mulling the move for the dating services company, which is publicly traded, along with ANGI Homeservices Inc., according to a shareholder letter from IAC CEO Joey Levin. “We don’t yet know where that process will lead – there’s lots of work to be done and details to consider – and we may ultimately choose to spin off both, one or neither,” Levin said in the letter. “This isn’t just legalese to preserve IAC’s options with an expected outcome in mind – we sincerely haven’t yet decided what’s best.” As of March 31, IAC’s economic ownership interest in Match (Nasdaq: MTCH) was 80 percent and its voting interest was more than 95 percent, according to a regulatory filing.
Match stock jumped on its Q2 earnings beat fueled by Tinder mobile app subscriber growth. Parent IAC said it will explore the possibility of spinning off its Match stake.
The digital media company owns an 80.4% economic interest in Match and an 83.3% in ANGI. "We are beginning a formal process to determine if we should spin those businesses off to shareholders", Chief Financial Officer Glenn Schiffman told Reuters. IAC, owned by television giant Barry Diller, has a history of building businesses and later splitting them into separate companies.
IAC/InterActiveCorp (NASDAQ: IAC ) reported a second-quarter sales beat on Wednesday. Sales came in at $1.187 billion, beating estimates by $6 million. GAAP earnings came in at 1.19 per share, which may ...
NEW YORK , Aug. 7, 2019 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its second quarter financial results and a letter to shareholders on the investor relations section of the company's website at http://www.iac.com/Investors ...
IAC/InterActiveCorp. on Wednesday said it was considering the possibility of distributing its stakes in Match Group Inc. and Angi Homeservices Inc. to shareholders, a move that would be intended to realize the value of IAC’s holdings in these two public companies as well as its other business units.
Shares of IAC/InterActiveCorp. shot up 12% toward a record high in afternoon trading Wednesday, as a big rally in Match Group Inc.'s stock helped provide a boost. IAC/InteractiveCorp is Match's largest shareholder, with the latest Form 4 filing with the Securities and Exchange Commission showing IAC owning 16,187,302 Match shares, or about 23% of the common stock outstanding. Meanwhile, Match's stock rocketed 25% toward a record high, as strength in the online-dating company's Tinder business helped subscriber numbers, profit and revenue beat expectations. Match's stock rally increased the value of IAC's stake by about $297.8 million. IAC shares have run up 43% year to date, while Match's stock had more than doubled (up 116%) and the S&P 500 has gained 15%.
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IAC/InterActiveCorp (NASDAQ: IAC ) unveils its next round of earnings this Wednesday, August 7. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Based ...
Rosette Pambakian alleges IAC/InterActiveCorp covered up the assault and claims wrongful termination for speaking out.