Citigroup Believes IAC/InterActiveCorp (NASDAQ: IAC) Still Has Room to Grow

By Jason Carr

Citigroup analyst Mark Kelley reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC) today and set a price target of $168. The company’s shares opened today at $142.89, close to its 52-week high of $150.59.

According to TipRanks.com, Kelley is a 4-star analyst with an average return of 22.4% and a 78.6% success rate. Kelley covers the Technology sector, focusing on stocks such as Rubicon Project, Match Group Inc, and Webcom Group.

Currently, the analyst consensus on IAC/InterActiveCorp is Strong Buy and the average price target is $175.87, representing a 23.1% upside.

In a report issued on February 8, Wells Fargo also maintained a Buy rating on the stock with a $173 price target.

IAC/InterActiveCorp’s market cap is currently $11.87B and has a P/E ratio of 45.63. The company has a book value ratio of 4.8863.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Victor Kaufman, the Vice Chairman of IAC sold 150,000 shares for a total of $18,592,249.

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 segments: Match Group, HomeAdvisor, Publishing, Applications, Video, and Other. The Match Group segment consists of the Dating and Non-dating businesses.