ANGI HomeServices (ANGI) PT Lowered to $2.75 at RBC Capital

Citi Downgrades ANGI HomeServices (ANGI) to Neutral

November 13, 2024 4:30 AM EST

Citi analyst Ygal Arounian downgraded ANGI HomeServices (NASDAQ: ANGI) from Buy to Neutral with a price target of $2.00 (from $3.25).

The analyst comments: "We downgrade ANGI shares to Neutral from Buy; while 3Q results were fine (and IAC is exploring a spin out... More

Goldman Sachs Downgrades ANGI HomeServices (ANGI) to Neutral

November 13, 2024 4:26 AM EST

Goldman Sachs analyst Eric Sheridan downgraded ANGI HomeServices (NASDAQ: ANGI) from Buy to Neutral with a price target of $2.50 (from $3.25).

The analyst comments: "We downgrade ANGI to Neutral (from Buy) to reflect our lower operating estimates (due to ongoing revenue... More

After-hours movers: Live Nation Entertainment, Zeta Global, and more

November 11, 2024 4:51 PM EST

After-Hours Stock Movers:

Live Nation Entertainment (NYSE: LYV) rose 5% after it reported third quarter earnings per share that beat estimates. The company announced the highest ever concerts profitability with adjusted operating income of $474 million, up 39%, and margins of... More

IAC/Interactive Corp (IAC) Misses Q3 EPS by $2.65, Considers Spinoff of Angi (ANGI)

November 11, 2024 4:14 PM EST

IAC/Interactive Corp (NASDAQ: IAC) reported Q3 EPS of ($2.93), $2.65 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $938.7 million versus the consensus estimate of $922.62 million.

"We are exploring a spinoff of our 85% ownership in Angi to IAC... More

Angi Inc. (ANGI) Tops Q3 EPS by 7c

November 11, 2024 4:11 PM EST

Angi Inc. (NASDAQ: ANGI) reported Q3 EPS of $0.07, $0.07 better than the analyst estimate of $0.00. Revenue for the quarter came in at $296.7 million versus the consensus estimate of $296.52 million.

For earnings history and earnings-related data on Angi Inc. (ANGI) click here.

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IAC weighs home services unit Angi's spin-off as Dotdash Meredith drives revenue

November 11, 2024 4:10 PM EST

By Harshita Mary Varghese

(Reuters) - IAC said it was exploring a spin-off of its majority stake in home services unit Angi after the internet holding company beat third-quarter revenue expectations on Monday thanks to steady ad demand for its biggest business, Dotdash Meredith.

IAC owns an 85% stake in Angi, which has a market value of about $1.25 billion. Angi operates a digital platform that connects home service professionals with consumers for tasks ranging from repair work to remodeling of homes.

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