Short Interest in Angie's List Drops By 19.3% (ANGI)
Shares of Angie's List (NASDAQ:ANGI) were the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 12,767,280 shares, a decrease of 19.3% from the April 30th total of 15,825,117 shares, Analyst Ratings News reports. Approximately 29.2% of the company’s stock are sold short. Based on an average daily volume of 1,108,589 shares, the short-interest ratio is currently 11.5 days.
In other Angie's List news, CEO William Seelye Oesterle unloaded 12,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $9.95, for a total value of $127,360.00. Following the completion of the transaction, the chief executive officer now directly owns 2,060,858 shares in the company, valued at approximately $20,505,537. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Angie's List has an average rating of “Hold” and an average target price of $21.81.
Shares of Angie's List (NASDAQ:ANGI) opened at 9.91 on Tuesday. Angie's List has a 52-week low of $9.60 and a 52-week high of $28.32. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $13.23. The company’s market cap is $579.8 million.
Angie's List (NASDAQ:ANGI) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.06) EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 39.3% on a year-over-year basis. On average, analysts predict that Angie's List will post $-0.27 earnings per share for the current fiscal 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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