Stock Traders Buy Large Volume of Put Options on Angie's List (ANGI)
Shares of Angie's List (NASDAQ:ANGI) were the target of unusually large options trading on Thursday. Stock traders acquired 8,612 put options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 531% compared to the typical daily volume of 1,364 put options.
In other Angie's List news, VP Michael Rutz sold 2,000 shares of Angie's List stock on the open market in a transaction dated Thursday, February 6th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ANGI shares. Analysts at UBS AG cut their price target on shares of Angie's List from $26.00 to $20.00 in a research note on Thursday. They now have a “positive” rating on the stock. Separately, analysts at Bank of America reiterated a “neutral” rating on shares of Angie's List in a research note on Thursday. They now have a $22.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Angie's List from $22.00 to $16.00 in a research note on Thursday. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Angie's List currently has a consensus rating of “Hold” and an average price target of $21.85.
Angie's List (NASDAQ:ANGI) last announced its earnings results on Tuesday, February 11th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.04 earnings per share. Angie's List’s revenue was up 48.9% compared to the same quarter last 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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