Angi Inc Stock Price, News & Analysis

Angi Inc. (NASDAQ: ANGI) has appointed Kulesh Shanmugasundaram as its new Chief Technology Officer, emphasizing a commitment to bolster technology leadership for enhanced product innovation. Mr. Shanmugasundaram, who brings 20 years of experience, previously served as CTO at Handy, an Angi subsidiary. His role will involve overseeing technology strategy and operations to improve customer experiences through advanced features. CEO Oisin Hanrahan highlighted the need for a strong technical foundation to support Angi's growth in home care and improvement services.

Angie's List has rebranded as Angi, marking a new chapter in home services. The parent company, now Angi Inc. (NASDAQ: ANGI), introduces a revamped mobile app that simplifies access to service professionals. Features include pre-priced services, in-app messaging, payment tools, and financing options. With a focus on transforming the $500 billion home improvement market, Angi aims to enhance consumer experiences by providing comprehensive digital solutions for various home care needs. The rebranding reflects the company’s commitment to modernizing how consumers engage with home services.

On March 17, 2021, Angie's List rebranded itself as Angi, aiming to enhance the home care experience. CEO Oisin Hanrahan emphasized the mission to simplify home management through a new app featuring instant job purchases, financing options, and seamless communication with service providers. Angi plans to capitalize on the $500 billion home services market, transitioning HomeAdvisor to "HomeAdvisor, powered by Angi". The rebranding reflects a commitment to modern consumer expectations, transforming how people hire and pay for home services.

Flywheel Capital has acquired a 127,000-sf office property at 14023 & 14033 Denver West Parkway in Lakewood, Colorado. The asset is fully leased to a reputable home services company, indicating a stable income stream. John Fefley from Flywheel noted the investment offers a long-term yield due to the credit-worthy tenant. This acquisition marks their second transaction in Metro Denver in six months, reflecting confidence in the area's growth potential. Flywheel aims to expand further within the office and industrial sectors, contributing to Colorado's economic health.

IAC reported February 2021 metrics for ANGI Homeservices (NASDAQ: ANGI), noting that the company connects consumers with home service professionals across over 500 categories. ANGI's platforms facilitated over 30 million projects in the previous year. The marketplace consists of nearly 250,000 service providers aimed at enhancing consumer-to-pro connections. IAC maintains majority ownership of ANGI and continues to expand its portfolio, including well-known brands like HomeAdvisor and Angie’s List.

ANGI Homeservices (NASDAQ: ANGI) is set to participate in the Wedbush Real Estate Technology Conference on March 4, 2021. Glenn H. Schiffman, Executive Vice President and CFO of IAC and interim CFO of ANGI Homeservices, will engage in a fireside chat at 10:00 a.m. ET. This virtual event will be accessible to the public via live webcast at ANGI's investor relations site. ANGI Homeservices connects consumers with over 230,000 service professionals across North America and Europe.

ANGI Homeservices has appointed Oisin Hanrahan as the new CEO, effective immediately, succeeding Brandon Ridenour, who stepped down. Hanrahan, previously the Chief Product Officer, will also join the Board of Directors. The leadership changes aim to strengthen the company’s strategic growth focus, with Bryan Ellis now Chief Revenue Officer – Marketplace and Umang Dua as Chief Revenue Officer – ANGI Services. The management transitions underscore ANGI's commitment to enhancing homeowner experiences and its relevance in the home improvement sector.

HomeAdvisor has relaunched its annual True Cost Report, providing insights on the costs of home projects. Chief Economist Mischa Fisher highlights the challenges homeowners face in understanding fair pricing. Key findings include average costs for top projects: $2,007 for interior painting, $13,401 for bathroom remodels, and $4,680 for new flooring. The report notes that from 2019 to 2020, certain projects saw price rises, while others, like smart home systems, experienced price drops. It also discusses the impact of the COVID-19 pandemic on service costs, primarily due to material scarcity.

OnDeck has announced a partnership with HomeAdvisor to provide financing options for home service professionals. This collaboration aims to support small businesses recovering from the pandemic by giving them access to transparent and flexible financing solutions. With nearly 15 years of experience, OnDeck has issued over $13 billion in loans, helping businesses grow. This partnership aligns with growing demand for financing in the contracting and building sectors, facilitating easier access to capital for professionals using HomeAdvisor's platform.