Gold prices slip lower; consolidating after recent gains
In a year marked by significant volatility, Angies List Inc (NASDAQ:ANGI) stock has recorded a new 52-week low, dipping to $14.87. The home services marketplace has faced a tough trading period, reflecting a broader downturn in tech-related stocks. With a market capitalization of $752 million and a P/E ratio of 21.9, the company maintains strong liquidity with a current ratio of 2.14, indicating solid short-term financial health. Over the past year, ANGI has seen its value decrease by a stark 38.62%, as investors recalibrate their expectations in a shifting economic landscape. This latest price level underscores the challenges the company has faced in maintaining growth momentum amidst competitive pressures and changing market dynamics, reflected in a 12.78% revenue decline. According to InvestingPro analysis, the stock appears undervalued at current levels, with additional insights available in the comprehensive Pro Research Report covering 1,400+ top US stocks.
In other recent news, IAC has completed the spin-off of its ownership stake in Angi, making Angi an independent, publicly traded company. This strategic move was finalized on March 31, 2025, and included a transition of leadership, with Joey Levin moving from CEO of IAC to Executive Chairman of Angi. Angi has also enacted a 1-for-10 reverse stock split, consolidating its Class A and Class B common stock, a decision supported by both its Board of Directors and stockholders. In a related development, Angi has been included in the S&P SmallCap 600 index, replacing The ODP Corp., a change reflecting the company’s evolving market capitalization.
Additionally, Angi issued over 1.2 million shares of its Class A common stock to IAC in a private transaction valued at approximately $2 million, part of a reimbursement agreement. Angi’s CEO, Jeff Kip, has emphasized the company’s progress in enhancing customer experience and financial performance. Both Angi and IAC have reaffirmed their full-year guidance for 2025, indicating a positive outlook. The spin-off marks Angi as the 10th independent company to emerge from IAC, as IAC continues to focus on its other investments.
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