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Angie's List (NASDAQ:ANGI) was upgraded by equities researchers at Wunderlich from a “hold” rating to a “buy” rating in a research report issued on Wednesday, reports. The firm currently has a $15.00 target price on the stock. Wunderlich’s price target suggests a potential upside of 30.55% from the company’s current price.

The analysts wrote, “We are upgrading Angie’s List (ANGI) to a Buy from a Hold given expected improving sales productivity, traction with the ecommerce marketplace, and the rollout of tiered pricing to all markets. We are also encouraged by the company’s plans to focus on deeper content within vertical segments, providing more end to end “concierge” type of solutions with its ecommerce deals and opening them up to non-members. “We would expect sentiment and profitability to improve if the company is able to implement productivity gains with its sales force while still increasing member penetration in its older cohorts; we believe the stock could trade closer to our price target of $15, which is based on our DCF and represents 2x EV/S on our FY 15 estimates.”

In other Angie's List news, CEO William Seelye Oesterle sold 12,800 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Angie's List from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. 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, June 6th. 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.12.

Shares of Angie's List (NASDAQ:ANGI) traded up 4.00% on Wednesday, hitting $11.9499. The stock had a trading volume of 654,952 shares. Angie's List has a one year low of $9.60 and a one year high of $28.32. The stock’s 50-day moving average is $10.76 and its 200-day moving average is $13.15. The company’s market cap is $699.2 million. Angie's List also was the recipient of a significant decrease in short interest in the month of May. As of May 30th, there was short interest totalling 11,704,485 shares, a decrease of 8.3% from the May 15th total of 12,767,280 shares. Currently, 26.7% of the company’s shares are sold short. Based on an average daily trading volume, of 829,297 shares, the days-to-cover ratio is currently 14.1 days.

Angie's List (NASDAQ:ANGI) last issued its quarterly earnings data 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 $-0.26 EPS 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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