Angi Inc Stock Price, News & Analysis

Handy, a subsidiary of Angi, has partnered with Savvy to enhance home service offerings for renters. Property managers utilizing Savvy can now easily book Handy professionals for various tasks, including furniture assembly and cleaning, starting at $99 for a two-hour job. This partnership aims to simplify the move-in process for urban residents, providing them access to reliable home services. Handy has also adopted a Safety Standard in response to COVID-19, ensuring a secure environment for customers and service providers. This collaboration targets Savvy's marketplace of over 180,000 renters.

IAC has released its monthly metrics for March 2021, highlighting the performance of Angi Inc. (NASDAQ: ANGI). Angi is a comprehensive home services platform, aiding over 150 million users with a network of nearly 250,000 professionals. With over 25 years of experience, Angi aims to transform customer experiences in home repairs, renovations, products, and financing. IAC maintains majority ownership of Angi, which includes HomeAdvisor and Handy.

Handy, part of Angi, has partnered with Gotham Properties to offer home services to tenants. Residents can book Handy professionals for services such as furniture assembly and cleaning through Handy.com, starting at $99 for two hours. The service operates seven days a week, from 7:00am to 11:00pm ET. This collaboration aims to enhance living experiences by providing easy access to quality home services. Handy has also established a safety standard in response to COVID-19, ensuring a secure environment for customers and professionals.

Angi Inc. (NASDAQ: ANGI) has acquired an additional 20% interest in its MyBuilder business, a UK marketplace for vetted tradesmen. This deal, which follows Angi's initial 75% stake purchase in 2017, incurs a one-time expense affecting Adjusted EBITDA and operating income by approximately $6 million for Q1 2021. The acquisition aims to strengthen Angi's position in home services in the UK.

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.