Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model IAC/InterActiveCorp (
IACI) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 0.2%. By the end of trading, IAC/InterActiveCorp rose $0.50 (1.1%) to $47.57 on heavy volume. Throughout the day, 2,712,623 shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1,320,900 shares. The stock ranged in a price between $45.67-$50.24 after having opened the day at $45.71 as compared to the previous trading day's close of $47.07. Other companies within the Internet industry that increased today were:
Synacor (
SYNC), up 22.0%,
Bankrate (
RATE), up 14.2%,
Trulia (
TRLA), up 12.8% and
Ultimate Software Group (
ULTI), up 12.4%.
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IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. IAC/InterActiveCorp has a market cap of $3.6 billion and is part of the technology sector. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.7. Shares are down 3.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates IAC/InterActiveCorp as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
On the negative front,
Ixia (
XXIA), down 11.9%,
Angie's List (
ANGI), down 6.1%,
Innodata (
INOD), down 5.8% and
Demand Media (
DMD), down 4.7% , were all laggards within the internet industry with
Yandex (
YNDX) being today's internet industry laggard.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx (
FDN) while those bearish on the internet industry could consider
ProShares Ultra Short Technology (
REW).
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