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IAC

IAC

$220.83

8.25 (3.88%)

04:52
11/08/19
11/08
04:52
11/08/19
04:52

IAC downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Doug Anmuth downgraded IAC to Neutral from Overweight with a $245 price target.

  • 09

    Dec

IAC IAC
$220.83

8.25 (3.88%)

10/11/19
BNCH
10/11/19
NO CHANGE
BNCH
Buy
IAC still has material value to unlock after Match spin decision, says Benchmark
After IAC (IAC) announced that the company has proposed a full spinoff of Match (MTCH), Benchmark analyst Daniel Kurnos said this was the decision he had viewed as the likeliest outcome of the strategic spin review. Though the company is opting not to spin off ANGI Homeservices (ANGI), he thinks it should also experience some "modest, sustained flow-through benefits" and said IAC will have more "firepower to support the brand." The analyst, who still sees material value to unlock for IAC, keeps a Buy rating on its shares and does not have ratings on Match Group or ANGI shares.
10/11/19
JEFF
10/11/19
NO CHANGE
Target $300
JEFF
Buy
IAC losing its 'A+ student' in Match Group spinoff, says Jefferies
IAC's (IAC) separation proposal from Match Group (MTCH) is not a surprise, but investors want to know what this ultimately means for both companies, Jefferies analyst Brent Thill tells investors in a research note. IAC is losing its "A+ student" and will attempt to highlight its other assets while reviving the "wounded" Angi Homeservices (ANGI) business, contends Thill. Meanwhile, he believes Match's freedom will come at a cost, noting its leverage will likely head towards initial public offering levels. Post the spin, the analyst estimates the remaining IAC portfolio will be a low double-digit revenue grower with low double-digit margins. IAC has historically underperformed the market from the time of a spin announcement to spin completion, says Thill. The analyst, who has a Buy rating on IAC with a $300 price target, adds that's he a buyer of Match shares on weakness. The stock may see pressure in the near-term as over 200M shares will come to market, but the fundamental story "remains one of the best in Internet," contends Thill. Shares of Match are down 3% to $74.07 in afternoon trading while IAC is up 1.5% to 228.35.
11/06/19
JEFF
11/06/19
NO CHANGE
Target $105
JEFF
Buy
Match Group shares will find floor around $52, says Jefferies
Jefferies analyst Brent Thill expects shares of Match Group (MTCH) to find a floor around $52, which implies one-times EBITDA growth. The shares in premarket trading are down 11% to $61.03. However, the stock has a chance to recover it's multiple over time between a range of $74 to $90 based on 2020 EBITDA estimates, Thill tells investors in a post-earnings research note titled "Didn't Find Love in 3Q." History has said to buy the pullback, but this situation is challenging given the upcoming IAC (IAC) distribution and potential technical pressure on the stock, contends the analyst. He keeps a Buy rating on the shares with a $105 price target.
11/07/19
RHCO
11/07/19
NO CHANGE
Target $96
RHCO
Buy
Match Group price target lowered to $96 from $106 at SunTrust
SunTrust analyst Youssef Squali lowered his price target on Match Group (MTCH) to $96 but kept his Buy rating after its Q3 results. The analyst notes that the quarter saw "accelerating growth at Tinder and resumption of positive growth in non-Timber brands", but the stock was volatile afterhours given the light Q4 and FY20 guidance on higher legal fees/investments as well as the news that the Board is reviewing a separation proposal from its major stakeholder IAC (IAC).

TODAY'S FREE FLY STORIES

SPT

Sprout Social

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Sprout Social 8.824M share IPO priced at $17.00 »

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SCHW

Charles Schwab

$51.08

1.48 (2.98%)

20:16
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Charles Schwab rating change at Keefe Bruyette »

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BLUE

Bluebird Bio

$84.00

-2.97 (-3.41%)

20:08
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Bluebird Bio rating change at Oppenheimer »

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AQST

Aquestive Therapeutics

$6.73

-0.97 (-12.60%)

20:07
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Syndicate
Aquestive Therapeutics 7M share Secondary priced at $5.00 »

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  • 13

    Dec

BY

Byline Bancorp

$18.95

0.54 (2.93%)

19:56
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Byline Bancorp initiates 3c per share cash dividend »

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  • 17

    Dec

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    Dec

NXGN

NextGen Healthcare

$16.83

-1.28 (-7.07%)

19:08
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12/12
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19:08
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NextGen Healthcare rating change at Cantor Fitzgerald »

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  • 12

    Dec

AMOT

Allied Motion

$46.79

0.81 (1.76%)

18:57
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18:57
Hot Stocks
Allied Motion CEO sells 10K shares of common stock »

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LILA

Liberty Latin America

$17.56

0.32 (1.86%)

, DISCA

Discovery

$32.36

0.28 (0.87%)

18:54
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18:54
Hot Stocks
Liberty Latin America says Dr. John Malone retires from board »

Liberty Latin America…

LILA

Liberty Latin America

$17.56

0.32 (1.86%)

DISCA

Discovery

$32.36

0.28 (0.87%)

LGF.A

Lionsgate

$9.99

0.65 (6.96%)

LGF.B

Lionsgate

$9.35

0.7 (8.09%)

03/08/13
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HOCPY

Hoya Corp.

$0.00

(0.00%)

, TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

18:43
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Hoya to offer JPY12,900 per share in tender offer for Toshiba unit NuFlare »

Hoya Corporation (HOCPY)…

HOCPY

Hoya Corp.

$0.00

(0.00%)

TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

TOSYY

Toshiba

$0.00

(0.00%)

03/08/13
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  • 16

    Dec

ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:42
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Adobe…

ADBE

Adobe

$305.76

2.01 (0.66%)

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

DDOG

Datadog

$35.75

0.23 (0.65%)

RIG

Transocean

$5.94

0.28 (4.95%)

TPR

Tapestry

$26.35

0.515 (1.99%)

GTIM

Good Times Restaurants

$1.71

0.14 (8.92%)

ORCL

Oracle

$56.47

0.16 (0.28%)

AVGO

Broadcom

$327.39

7.53 (2.35%)

COST

Costco

$297.50

2.28 (0.77%)

CNC

Centene

$58.52

-0.13 (-0.22%)

03/08/13
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  • 12

    Dec

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    Dec

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    Dec

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    Dec

  • 23

    Jan

  • 23

    Mar

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
12/12/19
12/12
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18:40
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta up 28.5% after…

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PHR

Phreesia

$28.67

0.1 (0.35%)

18:38
12/12/19
12/12
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18:38
Syndicate
Phreesia 6.75M share Secondary priced at $26.00 »

The deal size was…

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  • 13

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:31
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Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta to resume trading…

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ADBE

Adobe

$305.76

2.01 (0.66%)

18:25
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Adobe CEO: We are not overly concerned with the trade war with China »

Comment from interview…

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  • 12

    Dec

  • 23

    Jan

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:20
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Sarepta announces FDA approval of VYONDYS 53 injection to treat DMD »

Sarepta Therapeutics…

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AMZN

Amazon.com

$1,760.44

11.33 (0.65%)

18:11
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Amazon orders fourth season of 'The Marvelous Mrs. Maisel' »

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

Portman Ridge Finance

$2.04

(0.00%)

18:10
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OHA Investment obtains stockholder approval of Portman Ridge deal »

OHA Investment…

OHAI

OHA Investment

$1.28

(0.00%)

PTMN

Portman Ridge Finance

$2.04

(0.00%)

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ONCT

Oncternal Therapeutics

$4.62

0.05 (1.09%)

18:05
12/12/19
12/12
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18:05
Hot Stocks
Oncternal presents interim data from Phase 1b clinical study of cirmtuzumab »

Oncternal Therapeutics…

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HZN

Horizon Global

$3.49

0.14 (4.18%)

18:03
12/12/19
12/12
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18:03
Hot Stocks
Horizon Global CFO Jamie Pierson steps down »

Horizon Global announced…

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ORCL

Oracle

$56.47

0.16 (0.28%)

18:03
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Oracle CEO Catz says expects momentum in 2H20 to carry into FY21 »

Says feels "very…

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  • 12

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:00
12/12/19
12/12
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Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta trading halted,…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:52
12/12/19
12/12
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17:52
Hot Stocks
Oracle's Ellison says 'we have no plans for having a second CEO' »

Says there won't be…

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  • 12

    Dec

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

Evercel, Inc

$0.00

(0.00%)

17:41
12/12/19
12/12
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17:41
Hot Stocks
NewLink Genetics advances over 11% after Evercel discloses rejected offer »

Shares of NewLink…

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

EVRC

Evercel, Inc

$0.00

(0.00%)

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EVRC

Evercel, Inc

$0.00

(0.00%)

, NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

17:36
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17:36
Hot Stocks
Evercel announces rejected offer to acquire NewLink Genetics »

Evercel (EVRC) has made…

EVRC

Evercel, Inc

$0.00

(0.00%)

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

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BXRX

Baudax Bio

$6.30

0.225 (3.70%)

17:34
12/12/19
12/12
17:34
12/12/19
17:34
Hot Stocks
Corsair Capital reports 8.77% passive stake in Baudax Bio »

Corsair Capital disclosed…

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  • 16

    Dec

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