|Bid||0.00 x 1100|
|Ask||0.00 x 4000|
|Day's Range||7.66 - 8.02|
|52 Week Range||6.39 - 18.62|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||56.43|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We can judge whether ANGI Homeservices Inc. (NASDAQ:ANGI) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. […]
ANGI Homeservices Inc. (NASDAQ:ANGI) shareholders should be happy to see the share price up 11% in the last month. But...
During a talk with TheStreet, CFO Glenn Schiffman talked about IAC's reasons for holding off on an ANGI Homeservices spinoff, as well as the differences between private and public valuations.
Buy low, and sell high. That’s old wisdom, but it’s stayed with us through the ages because it’s a sure way to grow your money. In the stock market, of course, buying low is the easy part. There are plenty stocks out there priced at a discount – sometimes by the company’s design, sometimes by the vagaries of economic life. In either case, the real trick to investing is finding the discounted stocks that are primed for strong growth – those are the ones that will bring in profitable returns.We’ve used TipRanks’ Stock Screener to sort through more than 6,300 publicly traded companies, and picked a profile for mid-cap stocks primed to gain: a high upside and Strong Buy consensus rating, but combined with recent losses that have left each of them trading well below peak price. Let’s dive in.Cimarex Energy Company (XEC)Starting in the energy sector, Cimarex is a hydrocarbon exploration company based out of Denver, Colorado. The company engages in oil and gas exploration and drilling in Oklahoma, Texas, and New Mexico. Cimarex controls over 591 million barrels oil equivalent, of which 45% is natural gas and the rest is split between natural gas liquid and petroleum. Last year, Cimarex average production stood at 222,000 barrels of oil equivalent per day.Oil and gas bring in serious money, and even a small industry player like Cimarex sees nearly $2 billion in annual revenue and $490 million in net profits. In the Q3 earnings report released earlier this month, with EPS, at 91 cents, missing the forecasts, while the revenues of $582 million beating the estimates by 2%. Overall, XEC posted both EPS and revenue year-over-year declines.The main driver of the decline was the current low-price regime in oil and gas markets. Production was actually up, and benefitting from increases in operational efficiency. XEC reported a 68.5 thousand barrel per day increase in total production, and a $3.34 per barrel of oil equivalent drop in production expenses. Prices, however, fell more and faster than production and efficiencies posts gains, with realized prices down 52% in natural gas and 10% in crude oil.The drops in realized prices, EPS, and revenues this year have pushed XEC shares down by nearly 45% year-to-date. This opens buying opportunities, however, as far as Wall Street’s analysts are concerned.Writing from UBS, Lloyd Byrne described the quarterly results as “solid,” based on the revenue beat and the efficiency gains, and expects to see it reflect in improved free cash flow next year. His $78 price target suggests an impressive 67% upside. (To watch Byrne's track record, click here)Jeanine Wai, of Barclays, also noted the efficiencies, and wrote of the company, “Once again XEC pulled forward activity during the quarter... Since we think efficiencies continue to trend well, we initially anticipated that XEC would again pull forward wells in Q4’19 providing an upward bias to production… We like the discipline and think that XEC’s anticipated 44 net wells waiting on completion at YE’19 provides good optionality for operational momentum heading into 2020 should commodity prices/costs ultimately allow for it.” Wai gives XEC an $81 price target and a 73% upside. (To watch Wai's track record, click here)All in all, TipRanks shows a large amount of bulls liking the odds on this oil stock. Out of 6 analysts polled in the last 3 months, 5 are bullish on Cimarex Energy stock, while only one playing it safe on the sidelines. Importantly, the 12-month average price target of $70.17 suggests a nearly 55% upside potential from where the stock is currently trading. (See Cimarex Energy stock analysis on TipRanks)ANGI Homeservices (ANGI)ANGI lives in the tech sector, inhabiting the information niche where it holds a portfolio of home improvement brands, and connects customers with the services they need. ANGI Homeservices is the world’s largest online marketplace for home improvement services, and connects homeowners with the service pros they need to get jobs done. The company operates in the US, Canada, and Europe.The tech company’s earnings in Q3 are down year-over-year, from 9 cents to 4 cents, although still higher than the 3-cent estimate. Revenues, however, were up 17.8% to $357.36 million. It was the only time in the last four quarters that ANGI has beaten revenue estimates. In addition to falling revenues, ANGI has also deeply underperformed the broader market; with a 58% year-to-date loss compared to the S&P’s 24% gain.However, top analysts see ANGI set up to start gaining as 2020 progresses.Writing from Deutsche Bank, Kunal Madhukar says, “While the story remains in a "show me" mode, expectations have come down significantly in the past six months, which sets up well for a turnaround in 2020.” His $11 target implies about 50% upside to the stock. (To watch Madhukar's track record, click here)5-star analyst Daniel Salmon, of BMO Capital, is even more bullish, putting a $13 price target and 77% potential on ANGI shares. In his comments on the stock, Salmon concludes, “We think the “hybrid” approach of a third-party marketplace combined with a managed service marketplace is an improved strategy for a space as dynamic as home services.”ANGI has received 6 ratings in the last two months for its Strong Buy consensus. The four most recent, all in the last two weeks, are Buys. The stock’s $12.25 average price target implies an upside of nearly 65% from the share price of $7.38. (See ANGI stock analysis on TipRanks)Farfetch (FTCH)This online clothing retailer, based in London, boasts offices in Portugal and Brazil, New York, LA, Tokyo, and Shanghai. The company has won industry awards for excellence in advertising and marketing, use of tech, and fashion design. With a market cap of $2.8 billion, FTCH is the smallest of the companies on this list.Back in August, FTCH shares took a sudden drop, losing 52% of their value after the company spent $675 million to acquire New Guards. The purchase brought with it a new label for Farfetch to market, but the price was a significant portion of its total market cap.Farfetch shares have still not recovered their pre-acquisition value. Last week’s Q3 report, however, helped, as the EPS loss of 28 cents was far less severe than the 37 cents expected. Revenues also scored a modest beat, coming in at $255.48 million compared to the forecast of $255.40 million. That was 89% year-over-year gain for revenues. The strong quarterly report boosted the stock by 29% on its release, although FTCH shares are still down 56% for 2019.The gains, especially the high YoY revenue gain, suggest that FTCH maybe turning a corner on profitability. Deutsche Bank’s 5-star analyst Lloyd Walmsley agrees, writing in his recent note on the stock, “We like Farfetch shares over the longer term and see the New [Guards] acquisition as a good strategic fit, despite the increasing complexity of the model and slightly disappointing growth slowdown from 1H to 3Q... We feel comfortable the company can continue to grow at elevated growth rates and move closer towards profitability.” Walmsley’s $14 price target puts a 51% upside to the stock. (To watch Walmsley's track record, click here)Weighing in from Cowen, John Blackledge wrote just before the Q3 report was released, and he too saw potential from the New Guards deal. In addition, Blackledge specifically pointed out that FTCH’s low price point represents a purchase opportunity, as it takes into account the stock’s most likely deadweights: “With shares down ~57% since the 2Q print, we believe much of the downside risk around discounting and strategic direction are likely priced in.” Blackledge sees FTCH hitting $16 in the next twelve months, suggesting a powerful 72% upside potential.FTCH shares base their Strong Buy consensus rating on 7 Buys and 1 Sell given in recent weeks. This stocks’ $15.29 average price target implies an upside of 65% from the $9.26 current share price. (See Farfetch stock analysis on TipRanks)
HomeAdvisor is closing its Colorado Springs office in an effort to optimize efficiencies, eliminating the positions for 223 employees. The office — which specializes in sales, customer care and operations — will be closed at the end of the year to consolidate the Denver-based company’s footprint to its Golden and RiNo offices. The impacted employees were notified in early November and were offered severance packages and job placement support.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of IAC/InterActiveCorp and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Walking through HomeAdvisor’s River North Art District headquarters, it’s hard not to be impressed by the wallpaper. Yes, there’s a slide. There’s a table with living plants growing out of it. There’s even a meeting room hidden behind a bookcase.
“Challenges can be uncomfortable and can seem risky, but if you have a good support system of advisors and mentors, the risk can be managed and worked through.”
To understand how Brandon Ridenour gets so much done as CEO at ANGI Homeservices (Nasdaq: ANGI), you only need to ask him about advice he got as a youngster. At HomeAdvisor he was chief product officer and chief technology officer leading up to its acquisition of Angie’s List in 2017.
HomeAdvisor is going the way of other consumer tech companies before it, offering on-demand, fixed-price home services on 133 different tasks. The Denver-based company, a subsidiary of Denver-based Angi Homeservices (Nasdaq: ANGI) announced Wednesday that customers can use its platform in a new way. While the traditional method of using HomeAdvisor is as a marketplace of home-service providers that customers can contact and select for projects, the new on-demand platform will allow customers to select which task they need completed for a fixed price.
ANGI Homeservices Inc. shares are up nearly 20% and on track for their best day since 2017 after results that were "close enough to in-line to provide some relief," in the view of Needham analyst Brad Erickson. Though the company narrowed its outlook lower, "the more important commentary was the lack of drop-off in implied Q4 revenue, which bodes well for next year and a faster-than-expected ramp of fixed price offerings heading into 2020," Erickson wrote. "There's clearly a lot of wood to chop as the company thinks about a return to Ebitda growth next year but we wonder if this is the pivotal report where bulls can now rest assured that ANGI's fully washed out." The company also announced two new partnerships and an expansion of its fixed-price offering. Erickson rates the stock a buy with an $11 target price. ANGI shares have dropped 52% so far this year, as the S&P 500 has risen 23%.
InterActiveCorp. touted the beginning of a turnaround for ANGI Homeservices Inc. and growth for its smaller properties Wednesday as the company highlighted what its business could look like if a separation with Match Group Inc. goes through.
ANGI Homeservices (ANGI) delivered earnings and revenue surprises of 33.33% and 0.43%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
IAC CEO Joey Levin said a board committee continues to review a proposal to distribute the internet company’s 80.8% stock in Match to shareholders.
ANGI Homeservices (ANGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nextdoor, the San Francisco-based social network for connecting neighborhoods, is further branching into business engagement with its new Local Deals segment. Local Deals allows businesses, service providers and neighbors-for-hire to market to their neighbors through the Nextdoor app. Businesses that have set up a free Business Page on Nextdoor can create a Local Deal to promote a sale, discount or other incentive to reach new and existing customers in the neighborhoods they want to target.
If you own shares in ANGI Homeservices Inc. (NASDAQ:ANGI) then it's worth thinking about how it contributes to the...
Some of the highest-earning CEOs of Colorado public companies hold degrees from Ivy League schools. But they're far from the norm.
Sell-side analysts like the prospects for IAC/InterActiveCorp (NASDAQ: IAC ) if it sheds subsidiary Match Group Inc . (NASDAQ: MTCH ). IAC said Friday it is proposing to spin off its interest in Match, ...
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Shares of ANGI Homeservices Inc. are up about 4% in Friday morning trading after InterActiveCorp. gave an update on its spinoff plans, saying that it had delivered a preliminary separation proposal to Match Group Inc.'s board and didn't intend to devote attention to an ANGI spinoff until after matters are finished with Match. IAC had said in conjunction with its last earnings report that it was considering distributing its stakes in Match, ANGI, or both, as the company has a majority economic interest in each of the two companies, which are publicly traded. "We think shares have been under continued pressure after disappointing 2Q earnings results (shares have been down ~30% even after the ~25% decline on the print), partially due to concerns over ANGI's readiness to operate as a stand-alone entity and that IAC would spin out ANGI, even if not ready, in order to help unlock the value it believes is being locked in IAC's other (i.e. non-Match and non-ANGI) assets," wrote Wedbush analyst Ygal Arounian, who has a neutral rating on ANGI shares. He said that Friday's update should provide "comfort" to investors that IAC intends to help ANGI get on more stable footing before it sends the home-improvement platform off on its own. IAC's stock is up 1.7% in Friday morning trading, while Match shares are off 1.7%. ANGI shares have sunk 50% over the past three months, while the S&P 500 has lost 1.8%.
(Bloomberg) -- IAC/InterActive Corp. is moving forward with a spinoff of Match Group Inc. after turning the owner of the Tinder online dating app into one of the best-performing internet stocks.IAC said Friday it formally recommended the move to a special committee of its board. The tax-free transaction would distribute shares of Match to IAC stockholders, formally separating the two companies. It would also collapse the dual-class common stock structure that has allowed IAC to maintain control.Match has been one of the star performers in IAC’s portfolio of companies. The shares have gained more than sixfold since its initial public offering in 2015. In the second quarter, Match accounted for 41% of IAC’s total $1.19 billion in revenue.IAC Chief Executive Officer Joey Levin said in August that he was considering a spinoff of Match as well as ANGI Homeservices Inc., the company’s other top money-maker. For now, ANGI will stay within IAC.“We don’t currently expect to turn our attention to the question of a spin-off until a Match Group transaction has been completed,” Levin said in a statement.To contact the reporter on this story: Erik Schatzker in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.