IAC INC stock sees boost from SG Americas Securities LLC

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IAC ($NASDAQ:IAC) Inc., a holding company with interests in a number of internet-based businesses, saw its stock rise after SG Americas Securities LLC increased its stake. The boost from SG Americas Securities comes as IAC looks to spin off its Match Group division, which includes the Tinder dating app. The move is seen as a way to unlock value for shareholders. IAC has seen its stock price rise in recent years as it has shifted its focus to the internet.

With the boost from SG Americas Securities, IAC is likely to see even more interest from investors. The company is well-positioned to capitalize on the growing trend of people using online services for dating, entertainment, and other purposes.

Share Price

So far, news about the company has been mostly positive. On Wednesday, IAC INC stock opened at $50.9 and closed at $48.0, a drop of 5.3% from the previous closing price of $50.7. Despite this, the company’s stock is still up from where it was a few weeks ago. SG Americas Securities LLC has given the company a boost, and investors are hopeful that IAC INC will continue to perform well.

VI Analysis

IAC INC is a high risk investment in terms of financial and business aspects, according to VI Risk Rating. VI App has detected 3 risk warnings in income sheet, cashflow statement, financial journal. Register on vi.app to check it out.

VI Peers

IAC/InterActiveCorp is headquartered in New York City.

– Angi Inc ($NASDAQ:ANGI)

As of 2022, Angi Inc’s market cap is 971.35M and its ROE is -5.81%. Angi Inc is a provider of home services that connects consumers with service professionals. The company operates in two segments: HomeAdvisor and Angie’s List. Its HomeAdvisor segment offers a digital marketplace that connects consumers with service professionals for home repair, maintenance, and improvement projects. The Angie’s List segment offers a membership-based website and app that provides consumers with reviews of local service providers.

– Match Group Inc ($NASDAQ:MTCH)

Match Group Inc is an American Internet company that owns and operates several online dating websites and apps. The company has a market cap of 12.02B as of 2022 and a return on equity of -41.93%. Match Group Inc was founded in 1995 and is headquartered in Dallas, Texas. The company offers a variety of online dating services and apps, including Tinder, Hinge, OkCupid, PlentyOfFish, and Match.com.

– InfoSearch Media Inc ($OTCPK:ISHM)

Media Inc has a market cap of 52.49k as of 2022. The company is a provider of information and analysis on the media industry, including traditional and digital media companies.

Summary

IAC Inc. is a holding company, which engages in the provision of media and Internet services. It operates through the following segments: Search & Applications, Media, and Other. The Search & Applications segment includes brands such as Ask.com, About.com, and Apalon.

The Media segment comprises of brands such as Vimeo, Electus, and The Daily Beast. The Other segment pertains to technology businesses including WebMD and HomeAdvisor.