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Iac/interactivecorp (IACI) [hlAlert]

Rating:
Buy IACI
up 63.45 %

Iac/interactivecorp (IACI) rated Buy with price target $78 by Needham

Posted on: Friday,  Nov 20, 2015  8:25 AM ET by Needham

Needham rated Buy Iac/interactivecorp (NASDAQ: IACI) on 11/20/2015. Previously Needham rated Buy Iac/interactivecorp (NASDAQ: IACI) on 02/07/2013., when the
stock price was $43.84. Since then, Iac/interactivecorp has gained 63.46% as of 01/05/2016's recent price of $71.66.
If you would have followed the previous Needham's recommendation on IACI, you would have gained 63.45% of your investment in 1062 days.

IAC/InterActiveCorp (IAC) operates diversified Internet businesses in the United States and various jurisdictions abroad. The Company operates in four segments: Media & Advertising, Match, ServiceMagic and Emerging Businesses. Media & Advertising consists primarily of its search business. Match segment is a provider of subscription-based online personals services. ServiceMagic is an online marketplace. Emerging Businesses segment consists primarily of Shoebuy and Pronto. In April 2009, the Company announced the acquisition of Urbanspoon, an online local restaurant guide that aggregates restaurant reviews from across the Web, from newspapers and professional food critics to bloggers and diners. In July 2009, the Company announced the launch of Notional, a video content company.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/20/2015 8:25 AM Buy
None
62.46 78.00
as of 8/27/2015
1 Week down  -3.81 %
1 Month down  -8.91 %
3 Months down  -3.10 %
1 YTD up  4.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/28/2015 8:25 AM Buy
None
64.53 76.00
2/7/2013 8:25 AM Buy
None
43.84 65.00
11/7/2011 8:25 AM Hold
None
43.25

(*) Stock Price at the time of the recommendation.
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