Actionable news
All posts from Actionable news
Actionable news in IAC: IAC/INTERACTIVECORP,

Interactive Corp, You're The Real MVP

Interactive Corp's HomeAdvisor Impresses Analysts|NASDAQ: IAC

On Wednesday, IAC/InterActive Corp IAC 1.58% reported estimate-beating earnings and revenue. Jefferies' equity research analyst Brian Fitzgerald maintains a Hold rating for the stock while raising his price target from $60 to $74 following the CEO's conference call on Thursday.

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 its acquisition of around 70 percent of MyHammer, a home services marketplace in Germany.

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 2016BarclaysMaintainsOverweight
Oct 2016JP MorganInitiates Coverage OnOverweight
Sep 2016Wells FargoUpgradesMarket PerformOutperform

© 2016 Benzinga does not provide investment advice. All rights reserved.