Angie's List Shares Down 2.7% After Insider Selling (ANGI)
Angie's List (NASDAQ:ANGI)’s share price dropped 2.7% during mid-day trading on Wednesday following insider selling activity, Analyst Ratings News reports. The stock traded as low as $11.96 and last traded at $12.07, with a volume of 452,433 shares traded. The stock had previously closed at $12.41.
Specifically, CEO William Seelye Oesterle sold 12,800 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $12.27, for a total value of $157,056.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ANGI shares. Analysts at Wunderlich upgraded shares of Angie's List from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. They now have a $15.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Angie's List currently has a consensus rating of “Buy” and an average target price of $21.12.
The stock’s 50-day moving average is $10. and its 200-day moving average is $13.12. The company’s market cap is $710.3 million. Angie's List also saw a large decrease in short interest during 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. Based on an average trading volume of 829,297 shares, the short-interest ratio is presently 14.1 days. Currently, 26.7% of the shares of the stock are short sold.
Angie's List (NASDAQ:ANGI) last released its 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 $-0.27 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.