Stock Traders Purchase High Volume of Put Options on Angie’s List (ANGI)
Angie’s List (NASDAQ:ANGI) was the target of unusually large options trading on Friday. Traders purchased 5,378 put options on the company, Stock Ratings Network reports. This represents an increase of approximately 276% compared to the average daily volume of 1,431 put options.
In other Angie’s List news, CMO Bowman Angela Hicks unloaded 3,000 shares of Angie’s List stock on the open market in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $24.06, for a total value of $72,180.00. Following the sale, the chief marketing officer now directly owns 786,216 shares of the company’s stock, valued at approximately $18,916,357. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ANGI has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Angie’s List (NASDAQ:ANGI) in a research note to investors on Thursday. They now have a $31.00 price target on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Angie’s List (NASDAQ:ANGI) in a research note to investors on Thursday. They set a “buy” rating and a $34.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Angie’s List (NASDAQ:ANGI) in a research note to investors on Thursday, September 19th. They now have a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $26.31.
Angie’s List (NASDAQ:ANGI) traded down 3.52% on Friday, hitting $16.70. 4,096,081 shares of the company’s stock traded hands. Angie’s List has a 52-week low of $8.95 and a 52-week high of $28.32. The stock’s 50-day moving average is $21. and its 200-day moving average is $22.94. The company’s market cap is $975.0 million.
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 prior year, the company posted ($0.41) earnings per share. The company’s quarterly revenue was up 62.2% on a year-over-year basis. Analysts expect that Angie’s List will post $-0.41 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.