Angie’s List Price Target Cut to $24.00 by Analysts at RBC Capital (ANGI)
Investment analysts at RBC Capital reduced their price objective on shares of Angie’s List (NASDAQ:ANGI) from $29.00 to $24.00 in a note issued to investors on Thursday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 55.34% from the stock’s previous close.
In other Angie’s List news, CEO William Seelye Oesterle unloaded 25,600 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Angie’s List (NASDAQ:ANGI) opened at 15.45 on Thursday. Angie’s List has a 1-year low of $8.94 and a 1-year 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 $902.0 million.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 55.9% on a year-over-year basis. On average, analysts predict that Angie’s List will post $-0.41 earnings per share for the current fiscal year.
ANGI has been the subject of a number of other recent research reports. Analysts at B. Riley downgraded shares of Angie’s List from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Northland Securities reiterated an “in-line” rating on shares of Angie’s List in a research note to investors on Monday. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Angie’s List in a research note to investors on Thursday, October 3rd. They now have a $31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.88.
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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