IAC IncIAC
Market Cap: 4.43B
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 Q1 SEC filings by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 99
20% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 41
6% more funds holding in top 10
Funds holding in top 10: 17 [Q4 2023] → 18 (+1) [Q1 2024]
2% more funds holding
Funds holding: 345 [Q4 2023] → 353 (+8) [Q1 2024]
1% more capital invested
Capital invested by funds: $3.5B [Q4 2023] → $3.55B (+$47.9M) [Q1 2024]
0.49% less ownership
Funds ownership: 83.55% [Q4 2023] → 83.06% (-0.49%) [Q1 2024]
44% less call options, than puts
Call options by funds: $9.4M | Put options by funds: $16.9M
Research analyst outlook
12 Wall Street Analysts provided 1 year price forecasts over the past 6 months
12 analyst ratings
JMP Securities Nicholas Jones | 52%upside $78 | Market Outperform Initiated | 9 Jul 2024 |
Wells Fargo Brian Fitzgerald | 63%upside $84 | Overweight Maintained | 14 May 2024 |
Keybanc Justin Patterson | 30%upside $67 | Overweight Maintained | 13 May 2024 |
Truist Securities Youssef Squali | 69%upside $87 | Buy Maintained | 10 May 2024 |
Citigroup Ygal Arounian | 36%upside $70 | Buy Maintained | 9 May 2024 |
Financial journalist opinion
Based on 9 articles about IAC published over the past 30 days