IAC's (IAC, $131.68) Dotdash to buy Meredith in $2.7 billion deal
IAC/InterActive's digital media unit, Dotdash will acquire Meredith Corp. in an all-cash transaction valued at $2.7 billion. The combined entity will be named Dotdash Meredith and will be led by Dotdash CEO Neil Vogel, according to the two companies’ statement.
Under the terms of the deal, Dotdash will pay $42.18 a share for Meredith.
Meredith is a publisher of magazines such as People, Better Homes & Gardens and Southern Living. Dotdash currently has about 100 million online monthly consumers and owns 14 media brands in health, finance and lifestyle.
The Meredith acquisition will be funded by IAC using cash on hand and newly incurred debt.
The acquisition is subject to some regulatory approvals.
“The transaction has been unanimously approved by the boards of directors of both IAC and Meredith Corporation and is not conditioned on an IAC or Meredith Corporation shareholder vote,” the companies said in the statement.
IAC in upward trend: price may ascend as a result of having broken its lower Bollinger Band on May 09, 2022
IAC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 12 of 14 cases where IAC's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 86%.
Throughout the month of 04/12/22 - 05/13/22, the price experienced a -18% Downtrend, while the week of 05/06/22 - 05/13/22 shows a +6% Uptrend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where IAC's RSI Indicator exited the oversold zone, 6 of 9 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 19 of 23 cases where IAC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 83%.
The Moving Average Convergence Divergence (MACD) for IAC just turned positive on May 13, 2022. Looking at past instances where IAC's MACD turned positive, the stock continued to rise in 14 of 17 cases over the following month. The odds of a continued upward trend are 82%.
The Momentum Indicator moved below the 0 level on April 11, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on IAC as a result. In 24 of 28 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IAC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
The Aroon Indicator for IAC entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 62%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.41.
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 40 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 88 (best 1 - 100 worst), indicating slightly worse than average price growth. IAC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 94 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.059) is normal, around the industry mean (17.641). IAC's P/E Ratio (322.581) is considerably higher than the industry average of (50.361). IAC's Projected Growth (PEG Ratio) (12.907) is slightly higher than the industry average of (4.062). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (1.740) is also within normal values, averaging (96.541).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IAC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 37.8B. The market cap for tickers in the group ranges from 1.1K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is MSEZ at 1.1K.
The average weekly price growth across all stocks in the Internet Software/Services Industry was -3.92%. For the same Industry, the average monthly price growth was -12.83%, and the average quarterly price growth was -5.71%. NIROF experienced the highest price growth at 58.84%, while PRSNF experienced the biggest fall at -38.8%.
- 2/17/22 6:24 AM: IAC/InterActive (IAC, $120.88) was a top loser this week, declining -10.49%
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 23.5%. For the same stocks of the Industry, the average monthly volume growth was 16.55% and the average quarterly volume growth was 101.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.2.
40 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 81%.
The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:FB), NetEase (NASDAQ:NTES), Snap (NYSE:SNAP), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR), Spotify Technology SA (NYSE:SPOT), Twilio (NYSE:TWLO), Pinterest (NYSE:PINS).
The average market capitalization across the group is 66.1B. The market cap for tickers in the group ranges from 64K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is CHNO at 64K.
- 5/14/22 4:23 AM: Alphabet (GOOG, $2,330.31), market cap jumped by $44.1B
- 5/12/22 5:38 AM: Meta Platforms (FB, $188.74) saw a $93.8B market cap decrease this week
- 5/11/22 7:46 AM: Alphabet (GOOGL, $2,287.9), market cap jumped by $26.0B
The average weekly price growth across all stocks in the group was -5.59%. For the same group, the average monthly price growth was -19.41%, and the average quarterly price growth was -20.32%. ANGI experienced the highest price growth at 24.09%, while UXIN experienced the biggest fall at -36.56%.
- 5/14/22 4:23 AM: Zillow Group (ZG, $40.14) was a top weekly gainer, with a +7.41% jump
- 5/14/22 4:23 AM: Zillow Group (Z, $40.56) was a top weekly gainer, with a +6.6% jump
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
The average weekly volume growth across all stocks in the group was 66.58%. For the same stocks of the group, the average monthly volume growth was 105.46% and the average quarterly volume growth was 58.2%
- 5/14/22 4:17 AM: The volume for comScore stock increased for a consecutive 5 days, with an average daily gain of 93%
- 5/14/22 4:16 AM: The volume for Uxin stock increased for four consecutive days, resulting in a record-breaking daily growth of 148% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for comScore stock increased for a consecutive 5 days, with an average daily gain of 86%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows