After BMO Capital and Credit Suisse assigned a Buy rating to IAC/InterActiveCorp in the last month, the company received another Buy, this time from Benchmark Co.. Analyst Daniel Kurnos maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) today and set a price target of $182. The company’s shares closed yesterday at $142.46.
Kurnos noted:
“We think core IAC is a compelling buy at current levels, with further upside to results likely in the coming quarters.”
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 10.4% and a 53.4% success rate. Kurnos covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment Inc, Sinclair Broadcast, and 1-800 Flowers.com.
Currently, the analyst consensus on IAC/InterActiveCorp is Strong Buy and the average price target is $190.38, representing a 33.6% upside.
In a report issued on May 2, Jefferies also maintained a Buy rating on the stock with a $165 price target.
See today’s analyst top recommended stocks >>
Based on IAC/InterActiveCorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $71.08 million. In comparison, last year the company had a net profit of $26.21 million.
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.
