Angie's List Rating Increased to Buy at Citigroup Inc. (ANGI)
Angie's List (NASDAQ:ANGI) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $16.00 price target on the stock. Citigroup Inc.’s target price suggests a potential upside of 58.42% from the company’s current price.
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 stock was sold at an average price of $10.11, for a total value of $129,408.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Angie's List (NASDAQ:ANGI) opened at 10.10 on Friday. 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 $10.79 and a 200-day moving average of $13.16. The company’s market cap is $591.0 million. Angie's List also saw a large decrease in short interest during the month of 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. Based on an average trading volume of 1,108,589 shares, the short-interest ratio is currently 11.5 days. Currently, 29.2% of the shares of the stock are sold short.
Angie's List (NASDAQ:ANGI) last released its earnings data on Wednesday, April 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. Analysts expect that Angie's List will post $-0.27 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Angie's List presently has an average rating of “Hold” and a consensus target price of $21.44.
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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