ANGI HomeServices (ANGI) PT Lowered to $2.75 at RBC Capital
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Citi Downgrades ANGI HomeServices (ANGI) to Neutral
November 13, 2024 4:30 AM ESTCiti 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 ESTGoldman 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 ESTAfter-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 ESTIAC/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... MoreAngi Inc. (ANGI) Tops Q3 EPS by 7c
November 11, 2024 4:11 PM ESTAngi 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.
... MoreIAC weighs home services unit Angi's spin-off as Dotdash Meredith drives revenue
November 11, 2024 4:10 PM ESTBy 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.
... More