Zacks Investment Research Downgrades ANGI Homeservices (ANGI) to Strong Sell

Zacks Investment Research cut shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a strong sell rating in a report released on Wednesday, December 27th.

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. “

ANGI has been the topic of a number of other reports. Wells Fargo & Co reissued a buy rating on shares of ANGI Homeservices in a research note on Tuesday, December 5th. CIBC initiated coverage on ANGI Homeservices in a research note on Thursday, October 5th. They set an outperform rating and a $14.00 price target on the stock. Oppenheimer reissued an outperform rating and issued a $14.00 price objective on shares of ANGI Homeservices in a research note on Thursday, October 5th. Goldman Sachs Group began coverage on ANGI Homeservices in a report on Wednesday, October 11th. They issued a buy rating and a $14.00 target price for the company. Finally, Evercore ISI began coverage on ANGI Homeservices in a report on Tuesday, December 5th. They issued an in-line rating and a $12.00 target price for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $12.39.

Shares of ANGI Homeservices (NASDAQ ANGI) opened at $12.91 on Wednesday. ANGI Homeservices has a 52-week low of $5.22 and a 52-week high of $13.74. The firm has a market capitalization of $799.49 and a price-to-earnings ratio of -106.32. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.18). The company had revenue of $181.70 million during the quarter, compared to the consensus estimate of $184.47 million. ANGI Homeservices had a negative net margin of 17.04% and a negative return on equity of 25.20%. The company’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.28) EPS. analysts forecast that ANGI Homeservices will post -0.23 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of ANGI Homeservices by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 32,598 shares of the technology company’s stock worth $416,000 after buying an additional 216 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in ANGI Homeservices by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock valued at $1,954,000 after purchasing an additional 760 shares in the last quarter. Rhumbline Advisers raised its position in ANGI Homeservices by 2.1% during the second quarter. Rhumbline Advisers now owns 46,347 shares of the technology company’s stock valued at $593,000 after purchasing an additional 966 shares in the last quarter. Teachers Advisors LLC raised its position in ANGI Homeservices by 1.0% during the second quarter. Teachers Advisors LLC now owns 113,913 shares of the technology company’s stock valued at $1,457,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in ANGI Homeservices by 10.0% during the second quarter. Voya Investment Management LLC now owns 21,368 shares of the technology company’s stock valued at $273,000 after purchasing an additional 1,945 shares in the last quarter. Institutional investors own 68.65% of the company’s stock.

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ANGI Homeservices Company Profile

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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