Investors Purchase Large Volume of Angie’s List Put Options (ANGI)
Shares of Angie’s List (NASDAQ:ANGI) saw some unusual options trading activity on Monday. Stock traders purchased 5,380 put options on the stock, StockRatingsNetwork.com reports. This is an increase of 222% compared to the typical volume of 1,671 put options.
In other Angie’s List news, CMO Bowman Angela Hicks unloaded 3,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $24.06, for a total value of $72,180.00. Following the completion of the sale, the chief marketing officer now directly owns 786,216 shares in the company, valued at approximately $18,916,357. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ANGI. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Angie’s List 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 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 in a research note to investors on Thursday, September 19th. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Angie’s List currently has a consensus rating of “Buy” and an average target price of $26.31.
Angie’s List (NASDAQ:ANGI) traded down 3.71% during mid-day trading on Monday, hitting $16.08. 4,395,548 shares of the company’s stock traded hands. Angie’s List has a one year low of $8.95 and a one year high of $28.32. The stock’s 50-day moving average is $21.12 and its 200-day moving average is $22.92. The company’s market cap is $938.8 million.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, meeting the analysts’ 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. 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.
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