|Bid||7.07 x 1300|
|Ask||7.08 x 3100|
|Day's Range||7.05 - 7.62|
|52 Week Range||7.00 - 23.81|
|Beta (3Y Monthly)||1.65|
|PE Ratio (TTM)||47.32|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.41|
Golden-based HomeAdvisor is partnering with Realogy Holdings Corp. (NYSE: RLGY) — parent company to brands like Century21, Coldwell Banker and Sotheby’s International Realty — to offer a new service helping homeowners improve their home easily before they sell. The service, called RealVitalize, is being offered through Realogy’s Coldwell Banker brand. Homeowners who are selling through Coldwell Banker can now opt into having any home improvements they want to make to their home prior to selling managed through HomeAdvisor.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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 ...
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.