Angie’s List Price Target Lowered to $23.00 at Raymond James (ANGI)
Raymond James cut their price objective on shares of Angie’s List (NASDAQ:ANGI) from $29.00 to $23.00 in a research note issued on Thursday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 71.51% 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 that occurred on Friday, October 18th. The shares were sold at an average price of $15.23, for a total transaction of $389,888.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
ANGI has been the subject of a number of other recent research reports. Analysts at Needham & Company cut their price target on shares of Angie’s List from $30.00 to $24.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Angie’s List presently has a consensus rating of “Hold” and an average target price of $22.62.
Angie’s List (NASDAQ:ANGI) traded down 8.40% on Thursday, hitting $13.41. The stock had a trading volume of 4,110,832 shares. Angie’s List has a 52-week low of $8.94 and a 52-week high of $28.32. The stock’s 50-day moving average is $21.98 and its 200-day moving average is $22.60. The company’s market cap is $782.9 million.
Angie’s List (NASDAQ:ANGI) last released its earnings data 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. On average, analysts predict that Angie’s List will post $-0.48 earnings per share 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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