Fintel reports that on May 12, 2023, Citigroup maintained coverage of IAC Inc - (NASDAQ:IAC) with a Buy recommendation.
Analyst Price Forecast Suggests 33.43% Upside
As of May 11, 2023, the average one-year price target for IAC Inc - is 78.74. The forecasts range from a low of 54.54 to a high of $126.00. The average price target represents an increase of 33.43% from its latest reported closing price of 59.01.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for IAC Inc - is 5,316MM, an increase of 6.44%. The projected annual non-GAAP EPS is -2.10.
What is the Fund Sentiment?
There are 718 funds or institutions reporting positions in IAC Inc -. This is a decrease of 16 owner(s) or 2.18% in the last quarter. Average portfolio weight of all funds dedicated to IAC is 0.34%, a decrease of 2.59%. Total shares owned by institutions decreased in the last three months by 10.66% to 85,476K shares. 
The put/call ratio of IAC is 1.30, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 5,144K shares representing 5.91% ownership of the company. In it's prior filing, the firm reported owning 5,566K shares, representing a decrease of 8.22%. The firm decreased its portfolio allocation in IAC by 87.81% over the last quarter.
ShawSpring Partners holds 4,032K shares representing 4.63% ownership of the company. In it's prior filing, the firm reported owning 3,501K shares, representing an increase of 13.16%. The firm increased its portfolio allocation in IAC by 5.66% over the last quarter.
Price T Rowe Associates holds 2,726K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 2,796K shares, representing a decrease of 2.56%. The firm decreased its portfolio allocation in IAC by 23.24% over the last quarter.
Southeastern Asset Management holds 2,588K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 2,745K shares, representing a decrease of 6.07%. The firm increased its portfolio allocation in IAC by 5.20% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,400K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 2,375K shares, representing an increase of 1.02%. The firm decreased its portfolio allocation in IAC by 25.20% over the last quarter.
IAC Background Information
(This description is provided by the company.)
IAC/InterActiveCorpare is guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC 25 years ago have emerged 10 public companies and generations of exceptional leaders. company will always evolve, but its basic principle of financially-disciplined opportunism will never change. IAC today operates Vimeo, Dotdash and Care.com, among many others, and has majority ownership of ANGI Homeservices, which includes HomeAdvisor, Angie’s List and Handy. The company is headquartered in New York City and has business operations and satellite offices worldwide.
See all IAC Inc - regulatory filings.This story originally appeared on Fintel.
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