Angie's List (ANGI) Releases Quarterly Earnings, Hits Estimates
Angie's List (NASDAQ:ANGI) posted its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.06), American Banking & Market News reports. The company had revenue of $72.70 million for the quarter, compared to the consensus estimate of $72.35 million. During the same quarter last year, the company posted ($0.14) earnings per share. Angie's List’s revenue was up 39.3% compared to the same quarter last year.
Shares of Angie's List (NASDAQ:ANGI) traded down 0.62% on Wednesday, hitting $12.82. 1,835,112 shares of the company’s stock traded hands. Angie's List has a 1-year low of $11.61 and a 1-year high of $28.32. The stock has a 50-day moving average of $12.72 and a 200-day moving average of $14.10. The company’s market cap is $750.1 million.
ANGI has been the subject of a number of recent research reports. 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, February 13th. They now have a “positive” rating on the stock. On a related note, analysts at Bank of America reiterated a “neutral” rating on shares of Angie's List in a research note on Thursday, February 13th. 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, February 13th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Angie's List presently has an average rating of “Hold” and a consensus price target of $21.88.
In other Angie's List news, CEO William Seelye Oesterle sold 12,800 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $12.14, for a total transaction of $155,392.00. Following the completion of the transaction, the chief executive officer now directly owns 2,121,658 shares in the company, valued at approximately $25,756,928. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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