Insider Selling: Angie's List CEO Sells 12,800 Shares of Stock (ANGI)
Angie's List (NASDAQ:ANGI) CEO William Seelye Oesterle sold 12,800 shares of Angie's List stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $10.11, for a total value of $129,408.00. Following the sale, the chief executive officer now directly owns 2,048,058 shares of the company’s stock, valued at approximately $20,705,866. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Angie's List (NASDAQ:ANGI) traded up 0.91% during mid-day trading on Tuesday, hitting $10.00. The stock had a trading volume of 671,732 shares. Angie's List has a 52 week low of $9.60 and a 52 week high of $28.32. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $13.23. The company’s market cap is $585.1 million. Angie's List also saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 12,767,280 shares, a decline of 19.3% from the April 30th total of 15,825,117 shares. Currently, 29.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,108,589 shares, the short-interest ratio is currently 11.5 days.
Angie's List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.06) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.06). 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. Analysts expect that Angie's List will post $-0.27 EPS for the current fiscal year.
Separately, analysts at RBC Capital cut their price target on shares of Angie's List from $21.00 to $18.00 in a research note on Thursday, April 24th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.81.
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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