Angie’s List, Inc. (NASDAQ:ANGI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “
Several other equities analysts also recently issued reports on the company. BidaskClub downgraded Angie’s List from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Cowen and Company reiterated a “hold” rating and set a $8.50 price objective on shares of Angie’s List in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $14.00 price objective on shares of Angie’s List in a research report on Thursday, October 5th. CIBC initiated coverage on Angie’s List in a research report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Angie’s List in a research report on Wednesday, October 11th. They set a “buy” rating and a $14.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.91.
Angie’s List (NASDAQ ANGI) opened at 11.81 on Monday. The stock’s 50 day moving average price is $12.07 and its 200-day moving average price is $11.03. Angie’s List has a 52 week low of $5.22 and a 52 week high of $13.74. The stock’s market capitalization is $718.97 million.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The business had revenue of $72.80 million for the quarter, compared to analyst estimates of $73.87 million. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Equities research analysts expect that Angie’s List will post ($0.07) earnings per share for the current year.
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In other Angie’s List news, insider Bowman Angela R. Hicks sold 300,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $11.96, for a total value of $3,588,000.00. Following the transaction, the insider now owns 670,413 shares of the company’s stock, valued at $8,018,139.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO J Mark Howell sold 38,221 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $11.52, for a total value of $440,305.92. Following the completion of the transaction, the chief operating officer now directly owns 125,416 shares in the company, valued at approximately $1,444,792.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 831,364 shares of company stock worth $9,936,056. 18.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of Angie’s List in the first quarter valued at $103,000. American International Group Inc. increased its holdings in shares of Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after buying an additional 1,621 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Angie’s List in the first quarter valued at $153,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after buying an additional 3,264 shares in the last quarter. Finally, Global X Management Co. LLC increased its holdings in shares of Angie’s List by 4.6% in the first quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock valued at $178,000 after buying an additional 1,384 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors.
About Angie’s List
Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.
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