Insider Selling: Manu Thapar Sells 2,000 Shares of Angie’s List Stock (ANGI)
Angie’s List (NASDAQ:ANGI) CTO Manu Thapar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on ANGI shares. Analysts at Deutsche Bank cut their price target on shares of Angie’s List (NASDAQ:ANGI) from $27.00 to $26.00 in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Angie’s List (NASDAQ:ANGI) from $28.00 to $29.00 in a research note to investors on Wednesday, September 4th. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at RBC Capital upgraded shares of Angie’s List (NASDAQ:ANGI) from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. They now have a $29.00 price target on the stock, up previously from $28.00.
One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.70.
Shares of Angie’s List (NASDAQ:ANGI) traded down 0.14% on Wednesday, hitting $20.68. The stock had a trading volume of 857,938 shares. Angie’s List has a 1-year low of $8.95 and a 1-year high of $28.32. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $22.59. The company’s market cap is $1.207 billion.
Angie’s List (NASDAQ:ANGI) last released its earnings data on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.25). The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $59.23 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up 62.2% on a year-over-year basis. On average, analysts predict that Angie’s List will post $-0.40 earnings per share for the current fiscal year.
Angie’s List, Inc (NASDAQ:ANGI) operates a consumer-driven service for members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services.
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