IAC Inc
About: IAC is an internet media company with segments that include Angi (33% of total revenue), Dotdash Meredith (39%), search (14%), and emerging and other (14%). The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.
Employees: 9,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 95
7.24% more ownership
Funds ownership: 83.92% [Q1] → 91.17% (+7.24%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 18 [Q1] → 18 (+0) [Q2]
4% less capital invested
Capital invested by funds: $3.59B [Q1] → $3.43B (-$157M) [Q2]
7% less first-time investments, than exits
New positions opened: 71 | Existing positions closed: 76
1% less funds holding
Funds holding: 357 [Q1] → 352 (-5) [Q2]
56% less call options, than puts
Call options by funds: $16.8M | Put options by funds: $37.9M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Benchmark Daniel Kurnos 65% 1-year accuracy 36 / 55 met price target | 106%upside $110 | Buy Reiterated | 27 Aug 2024 |
Keybanc Justin Patterson 71% 1-year accuracy 49 / 69 met price target | 24%upside $66 | Overweight Maintained | 16 Aug 2024 |
Citigroup Ygal Arounian 64% 1-year accuracy 9 / 14 met price target | 24%upside $66 | Buy Maintained | 8 Aug 2024 |
Barclays Ross Sandler 68% 1-year accuracy 21 / 31 met price target | 31%upside $70 | Overweight Maintained | 8 Aug 2024 |
Benchmark Daniel Kurnos 65% 1-year accuracy 36 / 55 met price target | 106%upside $110 | Buy Reiterated | 8 Aug 2024 |