On Wednesday, IAC/InterActive Corp
The analyst stated that Jefferies sees HomeAdvisor as the company’s key player, and Vimeo as an “intriguing asset.”
HomeAdvisor, a website that connects service professionals with individuals starting home improvement projects, has seen a 48 percent year-over-year growth in service professionals, who each pay at least $300 per year for the service. InterActive Corp management recently stated that they hope to grow adjusted EBITDA for HomeAdvisor by 50 to 100 percent in 2017 by expanding into Europe. The project is already underway with
Fitzgerald sees the most attractive metric in Vimeo as the average paying customer’s four-year span, which they see as “an impressive number that speaks to the strong customer experience.”
|Oct 2016||JP Morgan||Initiates Coverage On||Overweight|
|Sep 2016||Wells Fargo||Upgrades||Market Perform||Outperform|
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