ANGI Homeservices (NASDAQ:ANGI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
Several other analysts have also issued reports on ANGI. Evercore ISI started coverage on ANGI Homeservices in a report on Tuesday, December 5th. They set an “in-line” rating and a $12.00 target price on the stock. Wells Fargo reiterated a “buy” rating on shares of ANGI Homeservices in a report on Tuesday, December 5th. Zacks Investment Research lowered ANGI Homeservices from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. ValuEngine lowered ANGI Homeservices from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, MKM Partners upgraded ANGI Homeservices from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.23.
Shares of ANGI stock opened at $14.43 on Wednesday. ANGI Homeservices has a twelve month low of $5.28 and a twelve month high of $15.77. The stock has a market capitalization of $910.04, a PE ratio of -37.00, a P/E/G ratio of 5.13 and a beta of 1.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.
ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, February 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07). ANGI Homeservices had a negative return on equity of 24.06% and a negative net margin of 24.70%. The company had revenue of $223.21 million for the quarter, compared to the consensus estimate of $225.82 million. analysts expect that ANGI Homeservices will post 0.11 EPS for the current fiscal year.
In other ANGI Homeservices news, major shareholder Luxor Capital Group, Lp acquired 3,087,280 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were purchased at an average price of $14.90 per share, for a total transaction of $46,000,472.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 4,236,106 shares of company stock worth $63,365,982 in the last 90 days. Corporate insiders own 18.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in shares of ANGI Homeservices in the fourth quarter valued at approximately $119,000. BB&T Securities LLC acquired a new position in shares of ANGI Homeservices in the third quarter valued at approximately $142,000. Brown Advisory Inc. acquired a new position in shares of ANGI Homeservices in the third quarter valued at approximately $147,000. Teacher Retirement System of Texas acquired a new position in shares of ANGI Homeservices in the fourth quarter valued at approximately $134,000. Finally, SG Americas Securities LLC acquired a new position in shares of ANGI Homeservices in the third quarter valued at approximately $160,000. 93.67% of the stock is currently owned by institutional investors.
About ANGI Homeservices
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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