Angi Inc Class A (ANGI)

Over the past six months, Angi Inc.'s stock has experienced a mix of challenges and strategic shifts. Angi has struggled with new customer acquisition, with service requests declining and high customer acquisition costs. Wall Street analysts anticipate a revenue drop. Angi reported mixed earnings performance in Q1 and Q2 2025. Analyst ratings have varied, with downgrades from Wall Street Zen and JMP Securities, and price target increases from UBS Group, Royal Bank of Canada, and Truist Securities. Angi became an independent, publicly traded company after a spin-off from IAC.

The home services market is transitioning from an "explosive growth rate" seen during the pandemic to "more normal growth." Angi is adapting to a "stay-put" housing market by prioritizing non-discretionary services such as HVAC and plumbing, as many homeowners are delaying major renovations due to inflation and economic uncertainty. There is a more consistent demand for essential home maintenance and repair services.

Angi Inc. operates as a gig economy marketplace for home services, connecting home service professionals with consumers through its online marketplace and review site. Its major products and services include Angi, HomeAdvisor, and Handy, which facilitate discovery, scheduling, booking, and payment for various home needs, including repairs, renovations, and maintenance. Angi also provides features such as instantly buying pre-priced jobs, in-app payments, and financing options.

Headquartered in Denver, Colorado, Angi Inc. has a geographic footprint that extends across the United States and internationally. Its North American operations encompass the US and Canada, including brands like HomeStars. In Europe, Angi operates through subsidiaries such as Travaux, MyHammer, MyBuilder, Werkspot, and Instapro.

In the past year, Angi's brand reputation has faced challenges, particularly concerning its services for contractors. There have been complaints from contractors regarding the quality of leads, instances of receiving duplicate leads, and difficulties in obtaining credit for unsatisfactory leads. Some contractors have expressed a perception of being "scammed" by the company. The company's operational challenges also contribute to a less favorable perception of its business quality.

Angi Inc.'s ownership structure is a mix of institutional, retail, and individual investors. Individual investors collectively hold a significant portion. Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. Notable individual and insider owners include Steven M. Kapner, Tri Ventures Inc., and Barry Diller.