IAC Inc (IAC)

• Market cap: $3.65B
• 1 day: -1.28%
• 5 days: 4.11%
• 1 month: -4.10%
• 3 months: -20.65%
• 6 months: -16.00%
• Year to date: -0.73%
• 1 year: -12.98%
• 5 years: -60.36%
• 10 years: -60.36%
• 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)

33% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 39

6% more capital invested

Capital invested by funds: $3.75B [Q2] → $3.99B (+$240M) [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

7.28% less ownership

Funds ownership: 99.63% [Q2] → 92.35% (-7.28%) [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

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

• Low target: $14 67% downside
• Avg. target: $65 53% upside
• High target: $105 148% upside

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

Citigroup Ygal Arounian 57% 1-year accuracy 12 / 21 met price target	32% upside $56	Buy Maintained	3 Jan 2025
JMP Securities Patrick Walravens 57% 1-year accuracy 63 / 111 met price target	65% upside $70	Market Outperform Reiterated	16 Dec 2024
Piper Sandler Thomas Champion 70% 1-year accuracy 33 / 47 met price target	28% upside $54	Neutral Downgraded	10 Dec 2024
Keybanc Justin Patterson 57% 1-year accuracy 38 / 67 met price target	42% upside $60	Overweight Maintained	20 Nov 2024
Macquarie Tim Nollen 63% 1-year accuracy 26 / 41 met price target	67% downside $14	Outperform Maintained	14 Nov 2024