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Internet Information Providers Equities Under Review -- GrubHub, Autohome, IAC/InterActiveCorp, and BankrateNEW YORK, July 29, 2016 /PRNewswire/ -- Demand for Internet Information Providers continues to increase by the day given the growing significance of technology in people's daily lives. The sector is rapidly evolving, and growth opportunities are fast emerging. Stock-Callers.com assesses the following equities today: GrubHub Inc. (NYSE: GRUB), Autohome Inc. (NYSE: ATHM), IAC/InterActiveCorp (NASDAQ: IAC), and Bankrate Inc. (NYSE: RATE). Learn more about these stocks by accessing their free notes at: http://stock-callers.com/registration GrubHub Chicago, Illinois headquartered GrubHub Inc.'s stock finished Thursday's session at $38.15, jumping 24.11%. A total volume of 14.30 million shares was traded, which was above their three months average volume of 1.88 million shares. Over the last month and the previous three months, the Company's shares have surged 32.79% and 45.28%, respectively. Additionally, the stock has gained 57.64% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 33.13% and 50.69%, respectively. Moreover, shares of GrubHub, which together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the U.S., have a Relative Strength Index (RSI) of 76.83. On July 28th, 2016, GrubHub announced financial results for Q2 2016. The company reported revenue of $120.2 million, a 37% year-over-year increase from $88.0 million seen in Q2 2015. Net income came in at $12.8 million, or $0.15 per diluted share, a 37% year-over-year increase from $9.4 million, or $0.11 per diluted share, in Q2 2015. Active Diners were 7.35 million, a 24% year-over-year increase from 5.93 million Active Diners in Q2 2015. On July 08th, 2016, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, issuing a target price of $40 per share. GRUB complete notes are just a click away at: http://stock-callers.com/registration/?symbol=GRUB
Shares in Beijing, the People's Republic of China headquartered Autohome Inc. ended yesterday's session 0.09% higher at $23.10. A total volume of 1.07 million shares was traded, which was higher than their three months average volume of 698,880 shares. The stock has gained 10.26% in the past month. The Company's shares are trading 1.14% below their 50-day moving average. Moreover, shares of Autohome, which operates as an online destination for automobile consumers in the People's Republic of China, have an RSI of 58.39. On June 27th, 2016, Autohome announced that Mr. Min Lu, Mr. Dong Liu, Mr. Guo Ping Wang, Ms. Han Qiu and Mr. Yong Sun have been appointed as new directors on the board of directors of the Company and Mr. Tim Chen, Mr. Andrew Penn, Mr. Han Willem Kotterman, Mr. Ruey-Bin Kao and Mr. Ajinkya Mukhopadhyay have resigned from the Board. The complimentary notes on ATHM can be accessed at
On Thursday, New York headquartered IAC/InterActiveCorp's stock saw a decline of 4.01%, to close the day at $57.44. A total volume of 1.57 million shares was traded, which was above their three months average volume of 671,070 shares. The Company's shares have advanced 7.69% in the last one month and 24.33% in the previous three months. The stock is trading 2.16% and 4.80% above its 50-day and 200-day moving averages, respectively. Additionally, shares of IAC/InterActiveCorp, which operates as a media and Internet company in the U.S. and internationally, have an RSI of 46.53. On July 27th, 2016, AC/InterActiveCorp reported a second quarter 2016 net loss of $194.8 million, against a net profit of $59.3 million in the same period a year earlier. On a per-share basis, the New York-based company posted a diluted loss of $2.45. The media and Internet company posted revenue of $745.4 million in the period, down 3% YoY. Sign up for your complimentary notes on IAC at: http://stock-callers.com/registration/?symbol=IAC
Shares in New York headquartered Bankrate Inc. ended the day flat at $8.05 and with a total volume of 473,118 shares traded. The stock has gained 10.12% in the last one month. The Company's shares are trading below their 50-day moving average by 1.38%. Furthermore, shares of Bankrate, which operates as a publisher, aggregator, and distributor of personal finance content on the Internet, have an RSI of 48.44. On June 20th, 2016, Bankrate announced that it has completed the previously announced agreement to buy the business of NextAdvisor, Inc., a leading online source of independent and in-depth research and reviews of credit cards, personal finance and internet services. Get free access to your notes on RATE at: http://stock-callers.com/registration/?symbol=RATE -- Stock Callers: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/ CONTACT
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