Barclays Reaffirms Their Buy Rating on IAC/InterActiveCorp


Barclays analyst Ross Sandler maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) yesterday and set a price target of $178. The company’s shares closed yesterday at $135.87.

According to TipRanks.com, Sandler is a 4-star analyst with an average return of 6.8% and a 60.6% success rate. Sandler covers the Technology sector, focusing on stocks such as Facebook Inc, Alphabet Inc, and Snap Inc.

Currently, the analyst consensus on IAC/InterActiveCorp is Strong Buy and the average price target is $185.94, representing a 36.9% upside.

In a report issued on April 22, Jefferies also reiterated a Buy rating on the stock with a $190 price target.

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The company has a one-year high of $166.64 and a one-year low of $98.27. Currently, IAC/InterActiveCorp has an average volume of 975K.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Michael Schwerdtman, the SVP & Controller of IAC sold 30,000 shares for a total of $4,237,609.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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