Angie's List Given Average Recommendation of “Hold” by Brokerages (NASDAQ:ANGI)
Angie's List (NASDAQ:ANGI) has been given a consensus recommendation of “Hold” by the twenty ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $21.12.
Shares of Angie's List (NASDAQ:ANGI) traded up 5.84% during mid-day trading on Friday, hitting $10.69. 1,480,023 shares of the company’s stock traded hands. Angie's List has a one year low of $9.60 and a one year high of $28.32. The stock has a 50-day moving average of $10.79 and a 200-day moving average of $13.16. The company’s market cap is $625.5 million. Angie's List also was the target of a significant decline in short interest in 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. Based on an average daily volume of 1,108,589 shares, the days-to-cover ratio is currently 11.5 days. Approximately 29.2% of the company’s stock are sold short.
Angie's List (NASDAQ:ANGI) last posted its quarterly 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.
In other Angie's List news, CEO William Seelye Oesterle sold 12,800 shares of the stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $10.11, for a total value of $129,408.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ANGI shares. Analysts at Citigroup Inc. upgraded shares of Angie's List from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $16.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of Angie's List from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $16.00 price target on the stock. Finally, 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.
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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