Raymond James Upgrades Angie’s List to Strong-Buy (ANGI)
Angie’s List (NASDAQ:ANGI) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $23.00 price objective on the stock. Raymond James’ price objective suggests a potential upside of 54.88% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Angie’s List (NASDAQ:ANGI) traded up 8.39% on Thursday, hitting $14.85. 3,283,011 shares of the company’s stock traded hands. Angie’s List has a one year low of $11.26 and a one year high of $28.32. The stock’s 50-day moving average is $13.21 and its 200-day moving average is $18.86. The company’s market cap is $867.6 million.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data 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 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.
In other Angie’s List news, CEO William Seelye Oesterle sold 25,600 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $14.76, for a total value of $377,856.00. Following the transaction, the chief executive officer now directly owns 2,547,725 shares of the company’s stock, valued at approximately $37,604,421. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on ANGI. 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, October 24th. 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, October 24th. 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, October 24th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price 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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