Angie's List Short Interest Down 8.3% in May (ANGI)
Angie's List (NASDAQ:ANGI) 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, AmericanBankingNews.com reports. Currently, 26.7% of the company’s stock are short sold. Based on an average daily trading volume, of 829,297 shares, the short-interest ratio is currently 14.1 days.
Several analysts have recently commented on the stock. 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 issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.12.
Shares of Angie's List (NASDAQ:ANGI) opened at 12.41 on Wednesday. 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 $10.77 and a 200-day moving average of $13.1. The company’s market cap is $726.1 million.
Angie's List (NASDAQ:ANGI) last posted its quarterly earnings results 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.
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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