ANGI - ANGI Homeservices Inc.
8.37 0.00 (0.00%)
After hours: 4:13PM EDT
| Previous Close | 8.19 |
| Open | 8.26 |
| Bid | 8.36 x 3000 |
| Ask | 8.37 x 800 |
| Day's Range | 8.20 - 8.50 |
| 52 Week Range | 8.14 - 23.95 |
| Volume | 1,392,259 |
| Avg. Volume | 1,566,338 |
| Market Cap | 4.247B |
| Beta (3Y Monthly) | 1.32 |
| PE Ratio (TTM) | 56.17 |
| EPS (TTM) | 0.15 |
| Earnings Date | Nov 5, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 13.93 |
- American City Business Journals
What IAC's past spinoffs can tell us about the future of Denver's Angi Homeservices
The company has a history of spinning off large companies that stay successful after they separate from their parent. It also has a long-standing Denver connection.
- GuruFocus.com
ShawSpring Partners LLC Buys ANGI Homeservices Inc, Sells JD.com Inc
Investment company ShawSpring Partners LLC (Current Portfolio) buys ANGI Homeservices Inc, sells JD.com Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, ShawSpring Partners LLC. Continue reading...
- Benzinga
Nomura Bullish On InterActiveCorp, Cautious On ANGI Homeservices After Quarterly Reports
Nomura Instinet is staying bullish on IAC/InterActiveCorp (NASDAQ: IAC) after its second-quarter report Wednesday and word that IAC is considering shedding its publicly traded subsidiary ANGI Homeservices Inc (NASDAQ: ANGI) — which was the only real drag on IAC during the quarter. Mark Kelley maintained a Buy rating on IAC/InterActiveCorp and boosted the target price from $282 to $314.
- MarketWatch
Angi Homeservices gets a downgrade at Wedbush
Wedbush analyst Ygal Arounian downgraded ANGI Homeservices Inc. shares to neutral from outperform on Friday, writing that the company still has a vast market opportunity but is having trouble attaining it due to customer-acquisition challenges. The downgrade follows a disappointing earnings report and forecast that sent ANGI shares plunging 25% in Thursday's session. "With the marketing challenges likely here to stay through at least 2020, we don't see investor sentiment getting more positive in the near-term," he wrote. "We do see opportunity in ANGI better monetizing on-demand inventory, using pre-priced inventory through Handy to better serve what are currently unfilled [service requests], improve the customer experience, and drive repeat usage, which ultimately drives marketing efficiency back up. But we think there's likely a window until we get there and, therefore, we move to the sidelines until near-term headwinds abate." The stock is up 0.1% in premarket trading Friday, though it's dropped 41% so far this year. The S&P 500 has gained 17% in that time.
Motley FoolANGI Homeservices Inc (ANGI) Q2 2019 Earnings Call Transcript
ANGI earnings call for the period ending June 30, 2019.
- Motley Fool
Why ANGI Homeservices Shares Collapsed Today
The diversified home-services provider tumbled on a disappointing earnings report and as it slashed its full-year guidance.
- Moody's
Match Group, Inc. -- Moody's says IAC/InterActiveCorp's possible separation of Match and/or ANGI would be credit negative; Ba2 CFR not immediately impacted
Moody's Investors Service ("Moody's") said IAC/InterActiveCorp's Ba2 Corporate Family Rating (CFR), existing debt ratings (at IAC and Match Group) and stable outlook are not immediately impacted by yesterday's announcement that IAC will explore the possible distribution of its equity interests in its two largest subsidiaries, Match Group and ANGI Homeservices, to IAC's shareholders. With principal executive offices in New York , N.Y., IAC/InterActiveCorp is a leading media and internet company that owns more than 150 internet-based brands and products.
- MarketWatch
IAC could become ‘a very different company’ in the next year
Analysts see an “interesting” year ahead for IAC/InterActiveCorp., as the company considers whether to spin off subsidiaries ANGI Homeservices Inc. and Match Group Inc. and works to solve ANGI’s marketing issues.
- Benzinga
IAC CEO Says Match Group Can 'Stand On Its Own'
IAC owns an 80% stake in Match Group, the parent company of multiple dating apps including Tinder. The company also owns an 83% stake in Angi Homeservices, the digital marketplace company with brands including Angie's List and Handy. On Thursday, IAC CEO Joey Levin told CNBC in an interview that the company has spun off around nine businesses to shareholders over its 15-year history.
- MarketWatch
ANGI Homeservices's stock plunges toward 2-year low after earnings miss, blamed on 'bad forecasting'
Shares of ANGI Homeservices Inc. plummeted 29% to the lowest levels seen since May 2017, after the home services digital marketplace reported second-quarter earnings that missed expectations, which the company said could have to do with "bad forecasting." The company reported late Wednesday net income that fell to $7.0 million, or 1 cent a share, from $22.9 million, or 5 cents a share, which was below the average analyst estimate of 2 cents, according to FactSet. Revenue rose 17% to $343.9 million, but missed the FactSet consensus of $351.2 million. "There are some things to fix that I think our biggest problem there might have been just bad forecasting," said Chief Executive Joseph Levin said on the post-earnings conference call with analysts earlier Thursday, according to a transcript provided by FactSet. Separately, IAC/InterActiveCorp said late Wednesday that it was considering distributing its stake in ANGI to shareholders. ANGI's stock has tumbled 50% over the past three months, while IAC shares have gained 5.8% and the S&P 500 has tacked on 1.0%.
- American City Business Journals
Angi Homeservices CEO talks possible spinoff from parent company
Angi Homeservices (Nasdaq: ANGI) may be preparing to stand on its own, as its parent company IAC considers spinning the public company off. IAC (Nasdaq: IAC) told its shareholders in a letter on Wednesday that it was considering spinning off its two large publicly traded subsidiaries — Denver-based Angi and Match. The company said it hasn’t made a decision, but has been considering spinning off one, both or neither.
- Reuters
IAC explores option to spin off Match, ANGI; beats quarterly revenue
The digital media company owns an 80.4% economic interest in Match and an 83.3% in ANGI. "We are beginning a formal process to determine if we should spin those businesses off to shareholders", Chief Financial Officer Glenn Schiffman told Reuters. IAC, owned by television giant Barry Diller, has a history of building businesses and later splitting them into separate companies.
- Benzinga
IAC/InterActiveCorp Reports Q2 Sales Beat
IAC/InterActiveCorp (NASDAQ: IAC ) reported a second-quarter sales beat on Wednesday. Sales came in at $1.187 billion, beating estimates by $6 million. GAAP earnings came in at 1.19 per share, which may ...
- Barrons.com
IAC Mulls Distributing Match and ANGI Homeservices Stock to Holders
IAC is considering the distribution of its stakes in both Match Group and ANGI Homeservices to shareholders, the company disclosed. It also reported better-than-expected quarterly earnings.
- GlobeNewswire
ANGI Homeservices Earnings Release Available on Company’s IR Site
DENVER, Aug. 07, 2019 -- ANGI Homeservices (NASDAQ: ANGI) posted its second quarter financial results on the investor relations section of its website at.
- MarketWatch
IAC to consider spinning off stakes in Match Group, Angi Homeservices
IAC/InterActiveCorp. on Wednesday said it was considering the possibility of distributing its stakes in Match Group Inc. and Angi Homeservices Inc. to shareholders, a move that would be intended to realize the value of IAC’s holdings in these two public companies as well as its other business units.
- Bloomberg
IAC Mulls Giving Up Control of Match to Streamline Company
(Bloomberg) -- IAC/InterActive Corp. is considering giving up control of its top two money-makers: Match Group Inc. and ANGI Homeservices Inc. in an effort to streamline its sprawling operations. The stock jumped on the news.In a letter to shareholders Wednesday, IAC Chief Executive Officer Joey Levin said the company is “considering spinning our two large publicly traded subsidiaries,” adding that IAC may ultimately decide to do nothing. “We sincerely haven’t decided yet what’s best.”At the end of March, IAC owned 98% of the voting interest in ANGI and 97.5% in Match, according to company filings. The two companies have dominated IAC’s portfolio for years. IAC also reported second-quarter earnings Wednesday, with Match accounting for 41% of the total $1.19 billion in revenue, and ANGI accounting for 29%. IAC reported earnings per share of $1.19, beating the average analyst estimate for 96 cents.IAC is a media and internet company that owns more than 150 brands and products, including Match, ANGI, the video-sharing platform Vimeo and news website The Daily Beast. The company is owned by billionaire media mogul Barry Diller, who has been involved in the recent discussions about potentially letting go of its two star performers, Levin said in an interview.“We have done this a lot of times throughout history," Levin said. “We are not empire builders." When IAC’s businesses are big enough and strong enough to stand on their own, “that’s when we consider a spin off," he said.Match’s shares have gained more than seven-fold since its initial public offering in 2015. On Wednesday, its shares rallied the most ever after reporting surprisingly positive second-quarter earnings, with huge subscriber growth in the online dating app Tinder. The strength of Match’s financial results caused IAC shares to gain 11% Wednesday. They spiked 6.5% in extended trading after IAC’s earnings results and news that the company is considering spinning off Match and ANGI.IAC bought consumer-recommendation website Angie’s List in 2017 and combined it with its HomeAdvisor online-review business to create a new publicly traded company, ANGI Homeservices.IAC previously spun off the online travel giant Expedia into its own entity in 2004. Four years later, it shed HSN TV, Ticketmaster, Interval International and LendingTree.“We have been restructuring this company for 20 years," Diller said in an interview on Bloomberg TV in 2016. The reason “is not for external purposes or for how you show it to the world, it’s for how you function internally and how you manage," he said. “Continuing to streamline makes sense."To contact the reporters on this story: Olivia Carville in New York at ocarville1@bloomberg.net;Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TechCrunch
Handy co-founder Oisin Hanrahan becomes chief product officer at acquirer ANGI Homeservices
ANGI Homeservices — which operates HomeAdvisor, Angie's List and other brands— is naming Handy CEO Oisin Hanrahan as its new chief product officer
CNW GroupKoios adds Keef Brands President and COO Travis Tharp to its Advisory Board
Following an announcement on July 18, 2019 stating that Koios would use CBD supplied by Colorado -based Keef Brands in its Fit Soda™ line of beverages, the Company has added Keef Brands President and COO Travis Tharp to its advisory board. Mr. Tharp has held growth-oriented roles in operations-intensive firms including home services marketplace Handy, which ANGI Homeservices Inc. later acquired. Tharp's role as an advisor to Koios will complement the Company's relationship with Keef Brands as a supplier of CBD.
- MarketWatch
Amazon and Realogy want to tempt home buyers with $5,000 worth of free stuff
By buying a home through TurnKey, Amazon will offer smart-home products like Echo and Ring, plus moving services.
- GlobeNewswire
ANGI Homeservices to Announce Q2 2019 Earnings on August 7th and Schedules Earnings Conference Call
DENVER, July 17, 2019 -- After the close of market trading on Wednesday, August 7, 2019, ANGI Homeservices (NASDAQ: ANGI) will post its second quarter results on the investor.
- Zacks
The Zacks Analyst Blog Highlights: Facebook, Dropbox, Yirendai, ANGI Homeservices and Etsy
The Zacks Analyst Blog Highlights: Facebook, Dropbox, Yirendai, ANGI Homeservices and Etsy
