Angie’s List Price Target Cut to $22.00 by Analysts at Canaccord Genuity (ANGI)
Canaccord Genuity reduced their target price on shares of Angie’s List (NASDAQ:ANGI) from $25.00 to $22.00 in a research note issued on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 50.27% from the company’s current price.
In other Angie’s List news, CEO William Seelye Oesterle unloaded 25,600 shares of Angie’s List stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $15.23, for a total transaction of $389,888.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on ANGI. Analysts at Deutsche Bank cut their price target on shares of Angie’s List from $26.00 to $16.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Wunderlich cut their price target on shares of Angie’s List from $25.00 to $15.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at MKM Partners cut their price target on shares of Angie’s List from $34.00 to $24.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.26.
Angie’s List (NASDAQ:ANGI) traded down 5.24% during mid-day trading on Thursday, hitting $14.64. 6,795,017 shares of the company’s stock traded hands. Angie’s List has a 52 week low of $8.94 and a 52 week high of $28.32. The stock has a 50-day moving average of $21.98 and a 200-day moving average of $22.60. The company’s market cap is $854.7 million.
Angie’s List (NASDAQ:ANGI) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.03. The company had revenue of $65.50 million for the quarter, compared to the consensus estimate of $66.05 million. During the same quarter last year, the company posted ($0.32) earnings per share. Angie’s List’s revenue was up 55.9% compared to the same quarter last year. 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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