Bank of America Upgrades Angie's List to Buy (ANGI)
Shares of Angie's List (NASDAQ:ANGI) opened at 10.10 on Friday. Angie's List has a 1-year low of $9.60 and a 1-year high of $28.32. The stock’s 50-day moving average is $10.79 and its 200-day moving average is $13.16. The company’s market cap is $591.0 million. Angie's List also was the target of a large 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 trading volume, of 1,108,589 shares, the short-interest ratio is presently 11.5 days. Currently, 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) 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. On average, analysts predict that Angie's List will post $-0.27 earnings per share 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, eight have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.80.
In other Angie's List news, CEO William Seelye Oesterle sold 12,800 shares of Angie's List stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $10.11, for a total transaction of $129,408.00. The sale was disclosed in a filing with the SEC, which can be accessed through 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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