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MarketScreener Homepage  >  Equities  >  Nasdaq  >  ANGI Homeservices Inc.    ANGI

ANGI HOMESERVICES INC.

(ANGI)
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Vimeo raises $150 mln as parent IAC looks to spin it off

11/05/2020 | 07:21pm EST

Nov 5 (Reuters) - IAC/InterActiveCorp said on Thursday it was considering spinning off its stake in the online video platform Vimeo that raised $150 million from Thrive Capital and Singapore's GIC at a $2.75-billion valuation.

IAC, which has a history of building businesses and later splitting them into separate companies, has already spun off and listed ten companies.

Most recently, the company spun off its stake in Match Group , which houses popular online dating services including Tinder, Hinge, and OkCupid.

"We're now evaluating a full spin-off to enable Vimeo with the complete suite of tools available in the public markets," IAC Chief Executive Officer Joey Levin said.

"There's a long way to go before we're decided on that, and far too early to speculate on what the terms of that spin would look like."

In a bid to boost subscribers, Vimeo in October launched a free video messaging tool on its platform and collaborated with GoDaddy Inc to make video tools available along with the website builder's suite.

Demand for Vimeo's platform, which provides video creation, hosting and marketing tools to professionals and businesses, has spiked in the lockdown as more people shift to working and learning remotely. Shares of the company, which have gained about 61% this year, rose 8.8% in extended trading.

IAC also reported a quarterly revenue rise of 11.8% to $788.4 million, beating analysts' estimates of $766.7 million, according to Refinitiv IBES data. (https://bit.ly/3p1rx4P)

Revenue from IAC's largest unit, ANGI Homeservices, increased 9% to $389.9 million, beating analysts' estimates of $383.1 million. (Reporting by Chavi Mehta and Ayanti Bera in Bengaluru, Writing by Subrat Patnaik; Editing by Shounak Dasgupta and Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANGI HOMESERVICES INC. -0.16% 12.48 Delayed Quote.-5.42%
IAC/INTERACTIVECORP -1.47% 200.52 Delayed Quote.5.90%
MATCH GROUP, INC. -2.42% 141 Delayed Quote.-6.74%
All news about ANGI HOMESERVICES INC.
01/20INSIDER TRENDS : Selling By Insiders Lingers at ANGI Homeservices
MT
01/19ANGI HOMESERVICES : UBS Adjusts Price Target on ANGI Homeservices to $15 From $1..
MT
01/13ANGI Homeservices to Announce Q4 2020 Earnings on February 3rd and Host Earni..
GL
01/12ANGI HOMESERVICES INC. : Regulation FD Disclosure (form 8-K)
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01/11ANGI Monthly Metrics Available on IAC's IR Site
GL
2020ANGI HOMESERVICES : KeyBanc Adjusts ANGI Homeservices' Price Target to $15 from ..
MT
2020ANGI HOMESERVICES INC. : Change in Directors or Principal Officers, Financial St..
AQ
2020IAC/InterActiveCorp to Spin Off Video-Sharing Platform Vimeo, Propelling Shar..
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2020INSIDER TRENDS : ANGI Homeservices Insider Continues 90-Day Selling Trend
MT
2020MARKET CHATTER : Gig Economy Stocks Lower Following Report of Potential Competit..
MT
More news
Financials (USD)
Sales 2020 1 464 M - -
Net income 2020 -1,65 M - -
Net cash 2020 109 M - -
P/E ratio 2020 -1 763x
Yield 2020 -
Capitalization 6 237 M 6 237 M -
EV / Sales 2020 4,19x
EV / Sales 2021 3,63x
Nbr of Employees 5 000
Free-Float 15,0%
Chart ANGI HOMESERVICES INC.
Duration : Period :
ANGI Homeservices Inc. Technical Analysis Chart | ANGI | US00183L1026 | MarketScreener
Technical analysis trends ANGI HOMESERVICES INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 13,96 $
Last Close Price 12,48 $
Spread / Highest target 36,2%
Spread / Average Target 11,8%
Spread / Lowest Target -19,9%
EPS Revisions
Managers and Directors
NameTitle
William Brandon Ridenour Chief Executive Officer & Director
Joseph M. Levin Non-Executive Chairman
Glenn H. Schiffman Chief Financial Officer & Director
Ryan T. Sullivan Chief Technology Officer
Thomas R. Evans Independent Director
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