Angie's List Upgraded to “Neutral” at Zacks (ANGI)
Angie's List (NASDAQ:ANGI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Friday. The firm currently has a $8.30 price objective on the stock. Zacks‘s target price would suggest a potential upside of 2.60% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Telsey Advisory Group cut their price target on shares of Angie's List from $20.00 to $14.00 in a research note on Thursday, July 24th. They now have a “not rated” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Angie's List has a consensus rating of “Hold” and a consensus target price of $15.36.
Shares of Angie's List (NASDAQ:ANGI) traded up 0.12% during mid-day trading on Friday, hitting $8.10. 570,064 shares of the company’s stock traded hands. Angie's List has a one year low of $7.68 and a one year high of $25.18. The stock has a 50-day moving average of $9.14 and a 200-day moving average of $11.68. The company’s market cap is $474.0 million.
Angie's List (NASDAQ:ANGI) last released its earnings data on Wednesday, July 23rd. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.25) earnings per share. Angie's List’s revenue was up 33.3% compared to the same quarter last year. 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.
To view Zacks’ full report, visit Zacks’ official website.
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