Guggenheim Keeps a Buy Rating on IAC/InterActiveCorp

By Austin Angelo

In a report released yesterday, Jake Fuller from Guggenheim reiterated a Buy rating on IAC/InterActiveCorp (NASDAQ: IAC), with a price target of $150. The company’s shares closed yesterday at $126.97, close to its 52-week high of $137.86.

According to TipRanks.com, Fuller is a 4-star analyst with an average return of 15.5% and a 59.7% success rate. Fuller covers the Services sector, focusing on stocks such as Marriott International, Penn National Gaming, and Despegar.com Corp.

IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $154.64.

The company has a one-year high of $137.86 and a one-year low of $64.69. Currently, IAC/InterActiveCorp has an average volume of 924K.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Last month, 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.