Angie's List Sees Significant Decrease in Short Interest (ANGI)
Shares of Angie's List (NASDAQ:ANGI) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 10,389,777 shares, a drop of 11.8% from the July 15th total of 11,783,667 shares, AnalystRatingsNetwork.com reports. Currently, 23.7% of the shares of the company are short sold. Based on an average daily volume of 2,466,260 shares, the days-to-cover ratio is currently 4.2 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Angie's List from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 24th. They now have a $9.70 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Angie's List in a research note on Thursday, July 24th. They now have a $7.00 price target on the stock, down previously from $13.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Angie's List from $16.00 to $10.00 in a research note on Thursday, July 24th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Angie's List currently has an average rating of “Hold” and an average price target of $15.21.
Angie's List (NASDAQ:ANGI) opened at 8.13 on Wednesday. Angie's List has a one year low of $7.77 and a one year high of $25.24. The stock’s 50-day moving average is $9.96 and its 200-day moving average is $12.07. The company’s market cap is $475.7 million.
Angie's List (NASDAQ:ANGI) last announced its earnings results on Wednesday, July 23rd. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.07. The company had revenue of $78.90 million for the quarter, compared to the consensus estimate of $80.19 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. Analysts expect that Angie's List will post $-0.28 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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