News coverage about IAC (NASDAQ:IAC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. IAC earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.0552849381122 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Iac/Interactive (IAC) Bollinger Band Near-Term Signal Hits Hold Rating (concordiareview.com)
- If you want to meet your targets here is the stock: IAC/InterActiveCorp (IAC) (fintelegraph.com)
- Bumble swipes left on Facebook, confirms new login requirements (finance.yahoo.com)
- US Tech Group Releases ‘Playbook’ To Help Gov’t Understand If It Needs Blockchain (cointelegraph.com)
- New Blockchain Playbook Helps Governments Embrace The Tech And Cut Through Hype (forbes.com)
A number of equities research analysts recently issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $185.00 price target on shares of IAC in a research note on Wednesday, March 21st. Credit Suisse Group cut shares of IAC to a “hold” rating and set a $171.00 price target on the stock. in a research note on Friday, March 9th. Wells Fargo reissued a “buy” rating and issued a $185.00 price target on shares of IAC in a research note on Friday, March 9th. JPMorgan Chase lifted their price target on shares of IAC from $170.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, April 11th. Finally, Zacks Investment Research raised shares of IAC from a “hold” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research note on Wednesday, April 11th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $166.38.
IAC (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.64 by $0.12. IAC had a return on equity of 2.42% and a net margin of 9.22%. The business had revenue of $950.59 million for the quarter, compared to analyst estimates of $894.74 million. equities analysts forecast that IAC will post 3.93 earnings per share for the current year.
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IAC Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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