|Bid||16.12 x 1200|
|Ask||16.35 x 3200|
|Day's range||15.75 - 16.48|
|52-week range||4.10 - 16.48|
|Beta (5Y monthly)||2.11|
|PE ratio (TTM)||543.67|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.75|
Shares of ANGI Homeservices (NASDAQ: ANGI) were moving higher again today as investors reacted to a report showing a strong rebound in the services sector in June. As a result, ANGI Homeservices closed up 11.3%, which followed strong gains last week as well. The Institute for Supply Management's reading for services in June came in at 57.1, showing a robust expansion from the prior month, following a two-month contraction, and easily beat expectations.
Shares of ANGI Homeservices (NASDAQ: ANGI) were gaining last month as the online marketplace for home services continued to benefit from a favorable climate for home improvement, with the pandemic leading to more time spent inside the home. The stock of ANGI Homeservices rallied through the first week of June in response to economic data, including a strong May employment report that showed the economic recovery happening faster than expected. The following week, Oppenheimer raised its price target on ANGI from $10 to $15 after analyst Jason Helfstein said his research showed demand for home improvement increasing by the mid-teens in May, and pointed to a survey from McKinsey that showed 35% of those questioned planned to spend more on home improvement in light of travel and entertainment closures.
Sixty percent of shares are sold short, but the shorts didn't anticipate that 90% of homeowners would want to tackle their home-improvement projects in 2020.
Today, ANGI Homeservices (ANGI), a leading digital marketplace connecting millions of homeowners with home service professionals across the globe, released a new survey that found home services remain a priority this year as homeowners continue to hire pros, plan to use stimulus money for home projects and take on more Do-It-Yourself (DIY) projects. Of those surveyed, nearly 40% indicated they plan on using some of their federal stimulus funds for home projects. The survey of 1,000 U.S homeowners fielded May 20-21st by Pollfish, found that 92% of homeowners who typically hire home service pros plan to hire a pro this year.
Shares of ANGI Homeservices (NASDAQ: ANGI) were surging last month as the stock rallied after management pointed to signs of a "V-shaped recovery" in its first-quarter earnings report. The stock also benefited from other signs that Americans were spending on home improvement needs as Home Depot and Lowe's showed strong comparable sales growth in their first quarters, and the home improvement spending was solid during April, according to the Census Bureau's retail sales report, despite lockdown conditions across much of the country. According to S&P Global Market Intelligence, the stock finished the month up 60%.
At this time, I would like to turn the conference over to Glenn Schiffman, Chief Financial Officer of IAC. Joining me today is Joey Levin, Chairman of ANGI Homeservices and CEO of IAC; and Brandon Ridenour, CEO of ANGI Homeservices.
At this time, I would like to turn the conference over to Glenn Schiffman, Chief Financial Officer of IAC. Joining me today is Joey Levin, Chairman of ANGI Homeservices and CEO of IAC; and Brandon Ridenour, CEO of ANGI Homeservices. Joey and I will also address any questions you may have on IAC's first quarter results.
DENVER, May 08, 2020 -- ANGI Homeservices (NASDAQ: ANGI) will attend the virtual 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday,.
ANGI Homeservices (ANGI) delivered earnings and revenue surprises of 33.33% and 0.54%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
DENVER, May 06, 2020 -- ANGI Homeservices (NASDAQ: ANGI) posted its first quarter financial results on the investor relations section of its website at.
Shares of ANGI Homeservices (NASDAQ: ANGI) surged last month as the company bounced back from big losses in March and got an assist from an analyst upgrade. The gains in April came in spite of the company reporting an operating loss for the first quarter and pulling its financial guidance for the year. According to data from S&P Global Market Intelligence, the stock finished the month up 29%.
DENVER, April 15, 2020 -- After the close of market trading on Wednesday, May 6, 2020, ANGI Homeservices (NASDAQ: ANGI) will post its first quarter results at.
Today, ANGI Homeservices (ANGI), the largest digital marketplace for connecting millions of homeowners with home service professionals across the globe, released a new survey that found 93 percent of service professionals in the U.S. including plumbers, electricians, painters, HVAC repair, landscapers and general contractors have added at least one major new cleaning measure as part of their service with 73 percent doing more frequent cleaning and 39 percent purchasing more personal protective equipment (PPE). “We are so proud of how home service professionals across the country – plumbers, electricians and contractors – have responded to this crisis,” said Angie Hicks, co-founder of Angie’s List and Chief Customer Officer of ANGI Homeservices.
ANGI Homeservices (ANGI) released preliminary selected financial information for its first quarter today. A letter to IAC shareholders from IAC’s CEO Joey Levin released on April 6, 2020, which includes a discussion of ANGI Homeservices, was posted on the Investor Relations section of IAC’s website at www.iac.com/Investors. As of March 31, 2020, ANGI had $384.2 million in cash and cash equivalents, $244.1 million of debt, the substantial majority of which is due in November 2023, and $250 million available under its revolving credit facility, which expires in November 2023.
To the annoyance of some shareholders, ANGI Homeservices (NASDAQ:ANGI) shares are down a considerable 39% in the last...
In response to the COVID-19 pandemic, today, ANGI Homeservices (ANGI) proposed a comprehensive plan to Congress which would enable the federal government to provide financial aid directly to the over 250,000 small businesses in ANGI Homeservices’ network which represents approximately 2 million employees at risk in this global crisis, and deem them “essential” workers. As part of the plan, the Company has announced to policy makers it is ready, willing and able to bring its nationwide infrastructure to bear in helping the government distribute financial relief to hundreds of thousands of home service professionals and businesses across the U.S. These professionals represent small businesses from every corner of our country, and ANGI Homeservices stands with them during the on-going crisis.
To the annoyance of some shareholders, ANGI Homeservices (NASDAQ:ANGI) shares are down a considerable 35% in the last...
Today, Comvoy, the first and only structured, searchable marketplace for work-ready trucks and vans, announces its partnership with HomeAdvisor, one of the largest home services marketplaces, to help HomeAdvisor’s network of service professionals find the right vehicles they need for their jobs. HomeAdvisor’s nationwide network of pros represent nearly every home service industry, including HVAC, contracting, landscaping, electrical, roofing, and more. Comvoy, a subsidiary of Work Truck Solutions, uses highly detailed configuration data, intuitive search, and integrated insights to guide businesses to the right vehicle they need for their jobs––and connects them to local dealers where they can buy it, quickly.
Today we'll look at ANGI Homeservices Inc. (NASDAQ:ANGI) and reflect on its potential as an investment. Specifically...
ANGI Homeservices (ANGI) delivered earnings and revenue surprises of -100.00% and -1.27%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?