Topeka Capital Sees Ad Potential in IAC's Tinder Mobile App
Uri Gruenbaum | Jan 18, 2015 06:45AM ET
IAC/InterActiveCorp (NASDAQ:IACI) focuses on the areas of search, applications, online dating, media and e-Commerce. One of the most popular mobile applications among teenagers and young adults that IAC runs is a dating app called Tinder. Topeka Capital analyst
Anthony is known for rating internet related stocks, such as Yahoo! (NASDAQ:YHOO) and Amazon (NASDAQ:AMZN). On July 10, 2014, the analyst reiterated a Buy rating on Yahoo! when the stock was priced at $34.93 a share. Since then, Yahoo! shares have gone up to $46.47, marking a 33% upside. Anthony has rated Yahoo! 11 times since April 2013, earning an 82% success rate recommending the stock and a +23.0% average return per recommendation.
On the other hand, Anthony recently reiterated a Buy rating on Amazon on January 13, 2015 when the stock was priced at $294.74 a share. The stock has since dropped to $290.74 a share. Anthony has rated Amazon a total of 17 times since May 2012, earning a 41% success rate recommending the stock and a -2.1% average return per recommendation.
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