When will all these clouds disappear for Angie's Homeservices ($ANGI), the online contractor and repair recommendation service?
Shares are off about 17% this year, and as Angie's hovers around its IPO valuation, it doesn't seem like the clouds will be going anywhere, judging by the company's alternative data.
Angie's Homeservices has seen its web traffic plummet - once upon a time, traffic was on the upswing - and maintained that trajectory for years, as its stock price rose from an offering valuation of $13 per share, to about $28 per share in 2013.
A merger with HomeAdvisor in mid-2017 temporarily buoyed Angie's stock price, but it didn't last - and, job postings began to decline steadily after the deal closed. Angie's cut more than 20% of jobs from 2018 until late June, data shows. We can measure this via LinkedIn ($MSFT) Employee Count, which shows how many people identify a specific organization as their current employer.
Then, there's the social data - Facebook Talking About Count, through which we can gauge consumers' interactions with the brand on Facebook and how much they're talking about it. And, lately, it's not much.
Where will it lead us from here? It's not likely Angie's Homeservices can reverse its stock price's trajectory until it undoes these negative data trends. We'll keep an eye on Angie's for its next earnings report, set to come in August. A group of analysts tracked by Zacks Investment Research determined EPS expectations were $0.02 per share, forcing the company to either turn a profit or face the music.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.