Needham & Company Reinstates Coverage on IAC/InterActiveCorp (IACI) at Hold; Search Expected to Remain Strong, but Meetic Integration Reduces Margins
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Price: $50.68 -2.86%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 1
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 1
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Needham & Company reinstates coverage on IAC/InterActiveCorp (NASDAQ: IACI) with a Hold.
Needham analyst says, "We expect Search revenue to continue to experience strong growth driven by increases in search query volume and higher cost-per-click rates. While IAC holds the leading global market share in online personals, the recent Meetic acquisition should weigh on margins until 2H12. We are encouraged by ServiceMagic’s accelerating revenue growth, but expect additional investment to limit margin expansion. Finally, our analysis suggests that IAC’s shares are nearing full valuation."
For more ratings news on IAC/InterActiveCorp click here and for the rating history of IAC/InterActiveCorp click here.
Shares of IAC/InterActiveCorp closed at $43.64 yesterday.
Needham analyst says, "We expect Search revenue to continue to experience strong growth driven by increases in search query volume and higher cost-per-click rates. While IAC holds the leading global market share in online personals, the recent Meetic acquisition should weigh on margins until 2H12. We are encouraged by ServiceMagic’s accelerating revenue growth, but expect additional investment to limit margin expansion. Finally, our analysis suggests that IAC’s shares are nearing full valuation."
For more ratings news on IAC/InterActiveCorp click here and for the rating history of IAC/InterActiveCorp click here.
Shares of IAC/InterActiveCorp closed at $43.64 yesterday.
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