In a report released today, Jake Fuller from Guggenheim downgraded IAC/InterActiveCorp (NASDAQ: IAC) to Hold. The company’s shares closed yesterday at $215.08, close to its 52-week high of $223.54.
Fuller has an average return of 54.7% when recommending IAC/InterActiveCorp.
According to TipRanks.com, Fuller is ranked #400 out of 4879 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAC/InterActiveCorp with a $230.30 average price target.
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Based on IAC/InterActiveCorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $218 million. In comparison, last year the company had a net profit of $66.27 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Schwerdtman, the SVP & Controller of IAC sold 18,750 shares for a total of $3,568,544.
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.
