Angie’s List Price Target Cut to $24.00 (ANGI)
Equities researchers at Needham & Company reduced their price target on shares of Angie’s List (NASDAQ:ANGI) from $30.00 to $24.00 in a research report issued on Thursday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Needham & Company’s price target points to a potential upside of 78.97% from the stock’s previous close.
In other Angie’s List news, CEO William Seelye Oesterle sold 25,600 shares of Angie’s List stock on the open market in a transaction dated Friday, October 18th. The shares were sold at an average price of $15.23, for a total value of $389,888.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Angie’s List (NASDAQ:ANGI) traded down 8.40% on Thursday, hitting $13.41. 4,110,832 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 $782.9 million.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.32) earnings per share. The company’s revenue for the quarter was up 55.9% on a year-over-year basis. On average, analysts predict that Angie’s List will post $-0.48 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Angie’s List from $25.00 to $22.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.62.
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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