Jefferies analyst Brent Thill maintained a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) yesterday and set a price target of $240. The company’s shares closed on Friday at $197.20, close to its 52-week high of $202.86.
Thill noted:
“IAC remains a top mid-cap pick and despite recent outperformance we continue to believe the stock is undervalued. We estimate that IAC’s non MTCH/ANGI businesses (which trade at a negative ~$4B value) will do more revenue this year than RDFN, TTD, and CHGG combined. Trading at just ~14x ’19 EBITDA (45% discount to peers) and a >$4B SOTP discount, valuation remains compelling. We raise our PT from $225 to $240.”
According to TipRanks.com, Thill is a top 100 analyst with an average return of 19.7% and a 75.7% success rate. Thill covers the Technology sector, focusing on stocks such as Match Group Inc, Alphabet Inc, and Wix.com Ltd.
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 55 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.
