Oppenheimer Lowers Angie's List Price Target to $21.00 (ANGI)
Oppenheimer cut their price target on shares of Angie's List (NASDAQ:ANGI) from $24.00 to $21.00 in a research note issued on Thursday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 24.85% from the stock’s previous close.
Shares of Angie's List (NASDAQ:ANGI) opened at 17.10 on Thursday. Angie's List has a 52 week low of $11.88 and a 52 week high of $28.32. The stock has a 50-day moving average of $15.72 and a 200-day moving average of $17.15. The company’s market cap is $999.0 million. Angie's List also was the target of some unusual options trading on Monday. Traders acquired 14,895 call options on the company. This represents an increase of approximately 397% compared to the average volume of 2,999 call options.
Angie's List (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.08. The company had revenue of $68.80 million for the quarter, compared to the consensus estimate of $68.50 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 48.9% on a year-over-year basis. On average, analysts predict that Angie's List will post $0.16 earnings per share for the current fiscal year.
In other Angie's List news, VP Michael Rutz sold 2,000 shares of the company’s 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 completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $35,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ANGI has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Angie's List in a research note on Thursday. They now have a $21.00 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of Angie's List from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a $25.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Angie's List from a “strong-buy” rating to a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.20.
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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