6.65 0.00 (0.00%)
After hours: 4:10PM EDT
|Bid||6.64 x 900|
|Ask||6.65 x 4000|
|Day's Range||6.62 - 6.88|
|52 Week Range||6.51 - 22.83|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||44.63|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.91|
DENVER, Oct. 16, 2019 -- After the close of market trading on Wednesday, November 6, 2019, ANGI Homeservices (NASDAQ: ANGI) will post its third quarter results at.
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.
InterActiveCorp. said Friday that it had made a “preliminary proposal” to Match Group Inc.’s board of directors regarding a transaction that would result in a Match spinoff from parent company IAC.
Breaking up is hard to do but IAC is doing it anyway. The media and internet holding company said on Friday it is pushing ahead with its plans to spin-off dating company Match Group and has presented a proposal to the company’s board. IAC’s proposed transaction aims to distribute shares representing nearly 80.5 per cent of outstanding stock in Match — the group behind dating apps like Tinder, Hinge and okCupid — to IAC shareholders in a tax-free transaction, creating two independent companies.
Quite a few fast-growing Internet and mobile services firms sold off in September. Not all of these names now look like bargains, but some arguably present opportunities.
ANGI Homeservices, a global leader in home services, announced a partnership for their brands HomeAdvisor and Handy with Nextdoor, the world’s largest social network for the neighborhood. With this new partnership, homeowners on Nextdoor will now have the option to find and book one of HomeAdvisor and Handy’s vetted and highly-rated local home service professionals when they are searching for local service recommendations.
MADISON, N.J. and DENVER, Sept. 18, 2019 /PRNewswire/ -- Realogy Holdings Corp. (RLGY), the leading and most integrated provider of residential real estate services in the United States, and HomeAdvisor®, a leading digital marketplace evolving the way homeowners find, connect and purchase home services, announced today the launch of RealVitalize, a home improvement program. This program provides home sellers with home improvement resources prior to or during the home listing period with no up-front costs or interest charges. The pilot program is currently available in select markets through the Coldwell Banker® branded operations of NRT, the subsidiary that manages Realogy's company owned brokerages.
DENVER and MADISON, N.J., Sept. 18, 2019 /PRNewswire/ -- Realogy Holdings Corp. (RLGY), the leading and most integrated provider of residential real estate services in the United States, and HomeAdvisor®, a leading digital marketplace evolving the way homeowners find, connect and purchase home services, announced today the launch of RealVitalize, a home improvement program. This program provides home sellers with home improvement resources prior to or during the home listing period with no up-front costs or interest charges. The pilot program is currently available in select markets through the Coldwell Banker® branded operations of NRT, the subsidiary that manages Realogy's company owned brokerages.
Citi Research initiated coverage of names in the InterActiveCorp. family on Tuesday, calling Match Group Inc. and IAC shares both buys while slapping a neutral rating on ANGI Homeservices Inc.'s stock . Analyst Nicholas Jones wrote that IAC "trades at a 'stub' valuation" due to its stakes in Match and ANGI, which at current prices imply negative enterprise value for IAC. "Though IAC's potential spin-off of these holdings may shrink the 'stub,' we view Vimeo as IAC's most exciting holding, Dotdash as a strong cash generator, and Turo (minority stake) as an interesting foray into online autos," Jones wrote. He also sees strong international opportunity for Match but is worried about the risk of an economic downturn and the threat of Alphabet Inc.'s Google when it comes to ANGI. IAC's stock is flat over the past three months, while Match's has risen 5.6% and ANGI's has slid 46%. The S&P 500 is up 3.8% in that time.
Today, ANGI Homeservices (ANGI) announced the promotion of Michael Wanderer to Chief People Officer, effective immediately. Previously SVP of People at Handy Technologies, which was acquired by ANGI Homeservices in October of 2018, Mr. Wanderer will now oversee global human resources, talent strategy and recruitment, retention and development at ANGI Homeservices, which includes leading brands HomeAdvisor and Angie’s List in addition to Handy.
ANGI Homeservices (ANGI) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
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...
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.