Insider Selling: Angie’s List VP Sells 2,000 Shares of Stock (ANGI)
Angie’s List (NASDAQ:ANGI) VP Michael D. Rutz unloaded 2,000 shares of Angie’s List stock on the open market in a transaction dated Thursday, February 6th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the sale, the vice president now directly owns 2,000 shares in the company, valued at approximately $35,020. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Angie’s List (NASDAQ:ANGI) traded up 4.17% during mid-day trading on Friday, hitting $17.47. The stock had a trading volume of 1,473,940 shares. Angie’s List has a 1-year low of $11.88 and a 1-year high of $28.32. The stock’s 50-day moving average is $15.52 and its 200-day moving average is $17.40. The company’s market cap is $1.021 billion. Angie’s List also was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 17,105,596 shares, an increase of 11.3% from the December 31st total of 15,166,848 shares. Currently, 39.6% of the shares of the stock are sold short. Based on an average daily volume of 1,679,538 shares, the days-to-cover ratio is currently 10.2 days.
ANGI has been the subject of a number of recent research reports. Analysts at Bank of America Corp. downgraded shares of Angie’s List from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $22.00 price target on the stock, up previously from $18.12. Separately, analysts at Barrington Research upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Finally, analysts at B. Riley upgraded shares of Angie’s List from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 24th. They now have a $25.50 price target on the stock, up previously from $15.00. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $23.85.
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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