Angie’s List Inc. (ANGI) Scheduled to Post Earnings on Wednesday
Angie’s List Inc. (NASDAQ:ANGI) will post its quarterly earnings results on Wednesday, October 19th. Analysts expect Angie’s List to post earnings of ($0.14) per share for the quarter.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $86.21 million. During the same period last year, the company earned ($0.14) EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts expect Angie’s List to post $0.07 EPS for the current fiscal year and $0.12 EPS for the next fiscal year.
Shares of Angie’s List Inc. (NASDAQ:ANGI) opened at 8.57 on Tuesday. The firm has a market capitalization of $503.74 million, a price-to-earnings ratio of 34.70 and a beta of 1.44. The firm has a 50-day moving average price of $9.86 and a 200-day moving average price of $8.56. Angie’s List Inc. has a 52 week low of $5.23 and a 52 week high of $11.25.
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A number of research analysts have issued reports on the company. Zacks Investment Research lowered Angie’s List from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Raymond James Financial Inc. upgraded Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Friday, August 19th. TheStreet upgraded Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Pacific Crest restated a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. Finally, Cowen and Company restated a “market perform” rating and issued a $11.00 price objective (up previously from $10.00) on shares of Angie’s List in a report on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Angie’s List currently has a consensus rating of “Hold” and a consensus target price of $9.62.
In related news, insider Bowman Angela R. Hicks sold 3,000 shares of the company’s stock in a transaction on 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 $7,698,206.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 35.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ANGI. Alliancebernstein L.P. raised its position in Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock valued at $145,000 after buying an additional 11,300 shares during the last quarter. Trexquant Investment LP acquired a new position in Angie’s List during the second quarter valued at $174,000. Paloma Partners Management Co acquired a new position in Angie’s List during the second quarter valued at $258,000. Analytic Investors LLC acquired a new position in Angie’s List during the second quarter valued at $271,000. Finally, Menta Capital LLC acquired a new position in Angie’s List during the second quarter valued at $362,000. 64.45% of the stock is currently owned by hedge funds and other institutional investors.
About Angie’s List
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.
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