IAC/InterActiveCorp (IAC) February Metrics Look Weaker, Ahead of Easier Comps - Jefferies

Jefferies analyst Brent Thill reiterated a Buy rating and $275.00 price target on IAC/InterActiveCorp (NASDAQ: IAC) after all 5 of IAC's business units showed a deceleration in February with ANGI showing only 1% growth. Key points include:

ANGI revenue growth came in soft at +1%, but the comps get easier in March and April.

Vimeo shows slight deceleration, but continues to shine ahead of its spin-off from IAC in Q2.

Dotdash saw a deceleration in revenue growth in February to 45% y/y growth (from 54% in January) but represents the 2nd highest growth rate the business has seen over the last 14 months.

The analyst stated "We believe the recent CEO departure at ANGI allows for a fresh set of eyes to look at the business and strategy as they attempt to get back to 20% revenue growth by the end of the year."

For an analyst ratings summary and ratings history on IAC/InterActiveCorp click here. For more ratings news on IAC/InterActiveCorp click here.

Shares of IAC/InterActiveCorp closed at $237.10 yesterday.

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