David Seaburg Is Bullish On IAC/InterActiveCorp

On CNBC's Fast Money, David Seaburg spoke about IAC/InterActiveCorp IAC. He thinks it's going higher and he expects it to reach $100.

Seaburg thinks the stock has been misunderstood for the last six months to a year. He believes its home advisor business segment is its key asset, because of its high growth. Seaburg also sees stabilization signs in IAC/InterActiveCorp's search franchise, after the company re-negotiated its deal with Google. He added that the stock is very correlated to Match Group IncMTCH, because it owns 85 percent of Match.com.

IAC/InterActiveCorp has better growth than its competitors, thinks Seaburg. He also said if you take only EBITDA from the home advisor segment, the stock trades at roughly the same EV/EBITDA multiple as Angie's List Inc ANGI, which makes it more attractive to the competition, because with an investment in IAC/InterActiveCorp, investors get its other segments for free.