Angie’s List Inc. (ANGI) Receives Consensus Rating of “Hold” from Brokerages
Shares of Angie’s List Inc. (NASDAQ:ANGI) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.29.
Several research analysts have recently weighed in on ANGI shares. Raymond James Financial Inc. upgraded Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Friday, August 19th. TheStreet upgraded Angie’s List from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Zacks Investment Research downgraded Angie’s List from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Cowen and Company restated a “market perform” rating and issued a $11.00 target price (up previously from $10.00) on shares of Angie’s List in a research note on Tuesday, September 27th. Finally, Pacific Crest restated a “hold” rating on shares of Angie’s List in a research note on Thursday, July 28th.
Angie’s List (NASDAQ:ANGI) traded up 1.92% during mid-day trading on Wednesday, hitting $9.04. The stock had a trading volume of 80,789 shares. Angie’s List has a 52 week low of $5.23 and a 52 week high of $11.25. The company’s 50 day moving average price is $9.99 and its 200 day moving average price is $8.54. The firm has a market cap of $531.37 million, a PE ratio of 36.60 and a beta of 1.43.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/angies-list-inc-angi-receives-consensus-rating-of-hold-from-brokerages.html
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.12. The company earned $83.10 million during the quarter, compared to the consensus estimate of $86.21 million. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS. Analysts anticipate that Angie’s List will post $0.07 earnings per share for the current year.
In related news, insider Bowman Angela R. Hicks sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $10.14, for a total transaction of $30,420.00. Following the transaction, the insider now directly owns 759,192 shares of the company’s stock, valued at approximately $7,698,206.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 35.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ANGI. Alliancebernstein L.P. boosted its position in shares of Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock worth $145,000 after buying an additional 11,300 shares during the period. Trexquant Investment LP bought a new position in shares of Angie’s List during the second quarter worth approximately $174,000. Royce & Associates LP boosted its position in shares of Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock worth $266,000 after buying an additional 7,820 shares during the period. Strs Ohio boosted its position in shares of Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock worth $255,000 after buying an additional 25,900 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of Angie’s List during the second quarter worth approximately $258,000. 64.42% of the stock is currently owned by institutional investors and hedge funds.
Angie’s List Company Profile
Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.
Receive News & Ratings for Angie's List Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angie's List Inc. and related companies with MarketBeat.com's FREE daily email newsletter.