IAC Inc (IAC)

• Market cap: $3.65B
• 1 day: 1.27%
• 5 days: -4.71%
• 1 month: -11.40%
• 3 months: -22.22%
• 6 months: -9.23%
• Year to date: -19.28%
• 1 year: -17.95%
• 5 years: -60.38%
• 10 years: -60.38%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

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 Q3 regulatory filings by fund managers ($100M+ AUM)

18% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 44

6% more capital invested

Capital invested by funds: $3.47B [Q2] → $3.69B (+$214M) [Q3]

2% more funds holding

Funds holding: 354 [Q2] → 362 (+8) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 122

6.94% less ownership

Funds ownership: 92.28% [Q2] → 85.34% (-6.94%) [Q3]

22% less funds holding in top 10

Funds holding in top 10: 18 [Q2] → 14 (-4) [Q3]

23% less call options, than puts

Call options by funds: $23M | Put options by funds: $29.8M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 67% downside
• Avg. target: $66 56% upside
• High target: $105 148% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target	66% upside $70	Market Outperform Reiterated	16 Dec 2024
Piper Sandler Thomas Champion 68% 1-year accuracy 32 / 47 met price target	28% upside $54	Neutral Downgraded	10 Dec 2024
Keybanc Justin Patterson 54% 1-year accuracy 37 / 69 met price target	42% upside $60	Overweight Maintained	20 Nov 2024
Macquarie Tim Nollen 71% 1-year accuracy 29 / 41 met price target	67% downside $14	Outperform Maintained	14 Nov 2024
TD Cowen John Blackledge 67% 1-year accuracy 12 / 18 met price target	82% upside $77	Buy Maintained	13 Nov 2024