BMO Capital Initiates Coverage on IAC/InterActiveCorp to Outperform

BMO Capital Initiates Coverage on IAC/InterActiveCorp(NASDAQ:IAC). The shares have been rated Outperform. The rating by BMO Capital was issued on Jun 7, 2016.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on IAC/InterActiveCorp, according to a research note issued on Mar 23, 2016. The shares have been rated ‘Buy’ by the firm.

IAC/InterActiveCorp(IAC) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $819.18M. Analysts had an estimated revenue of $805.30M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.35.

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.

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