The SVP & Controller of IAC/InterActiveCorp is Exercising Options

By Carrie Williams

Today it was reported that the SVP & Controller of IAC/InterActiveCorp (NASDAQ: IAC), Michael Schwerdtman, exercised options to sell 18,750 IAC shares at $77.26 a share, for a total transaction value of $3.57M.

Following Michael Schwerdtman’s last IAC Sell transaction on February 14, 2018, the stock climbed by 35.8%.

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Based on IAC/InterActiveCorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.06 billion and quarterly net profit of $218 million. In comparison, last year the company earned revenue of $767 million and had a net profit of $66.27 million. IAC’s market cap is $15.52B and the company has a P/E ratio of 35.75. Currently, IAC/InterActiveCorp has an average volume of 768.5K.

Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $228.80, reflecting a -19.0% downside.

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IAC/InterActiveCorp. engages in the provision of media and Internet services. It operates through the following business segments: Match Group, ANGI Homeservices, Video, Applications, Publishing, and Other. The Match Group segment provides dating products, operating a portfolio of several brands, including Match, Tinder, PlentyOfFish, and OkCupid.