IAC/InterActiveCorp falls behind as stock takes 4.37% drop from recent high

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IAC ($NASDAQ:IAC)/InterActiveCorp is a holding company that owns a variety of businesses in a range of industries. The company’s stock has recently taken a hit, falling 4.37% from its recent high of $140.77. IAC’s businesses include media and internet companies such as Vimeo, The Daily Beast, and Angie’s List. The company also owns a variety of businesses in the home services, financial services, and e-commerce industries. IAC’s stock has been on a bit of a roller coaster in recent years.

However, the stock has been on the rise again in recent months. It’s unclear what has caused IAC’s stock to fall in recent days. However, the company faces stiff competition in many of its businesses. For example, in the online video space, IAC’s Vimeo is up against much larger rivals such as YouTube and Facebook. Given the competitive pressures IAC faces in many of its businesses, investors may be concerned that the company is losing its edge. Only time will tell if IAC can turn things around and regain investors’ confidence.

Price History

The media coverage on the company has been mostly neutral till now. On Friday, IAC INC stock opened at $48.3 and closed at $47.1, down by 0.4% from prior closing price of 47.3. Analysts attribute the decline to a number of factors, including concerns about the company’s growth prospects and increasing competition in the online dating market. Its businesses include Tinder, Match, Hinge, PlentyOfFish, and OkCupid, among others.

Despite the recent decline in its stock price, IAC remains a strong company with a diversified portfolio of businesses. It is important to keep in mind that the stock market is often volatile and can fluctuate rapidly. As such, investors should carefully consider all factors before making any investment decisions.

VI Analysis

IAC INC is a strong company in terms of assets, with a medium growth rate and profitability. However, it is weak in terms of dividends. IAC INC is classified as a “cheetah” company, which means that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors who are looking for high growth potential but are willing to accept the higher risk that comes with it.

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/InterActiveCorp is a holding company that owns and operates a number of businesses in a variety of industries. Its businesses include media and internet companies, such as Vimeo, The Daily Beast, and Angie’s List; dating websites, such as Tinder and OkCupid; and home services businesses, such as HomeAdvisor and Angie’s List. IAC/InterActiveCorp has been under pressure in recent months as its stock price has fallen from a recent high.

However, the company remains a strong performer in a number of industries, and its stock may be a bargain at current prices. Investors considering IAC/InterActiveCorp should do their own due diligence and research the company before making any investment decisions.