Angie’s List, Inc. (ANGI) Announces Earnings Results
Angie’s List, Inc. (NASDAQ:ANGI) issued its earnings results on Wednesday. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10, Bloomberg Earnings reports. Angie’s List had a negative return on equity of 41.36% and a negative net margin of 0.35%. The firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $73.87 million. During the same period in the previous year, the company earned $0.08 EPS. Angie’s List’s revenue for the quarter was down 12.3% on a year-over-year basis.
Angie’s List (ANGI) traded down 0.56% on Wednesday, hitting $12.48. The stock had a trading volume of 344,582 shares. The company’s market cap is $747.13 million. Angie’s List has a 1-year low of $5.22 and a 1-year high of $13.13. The stock has a 50 day moving average price of $12.38 and a 200 day moving average price of $8.62.
Several equities research analysts have recently weighed in on ANGI shares. Zacks Investment Research raised Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, July 12th. BidaskClub lowered Angie’s List from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Cowen and Company restated a “hold” rating and set a $8.50 target price on shares of Angie’s List in a research report on Friday, July 14th. ValuEngine upgraded Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC lowered Angie’s List from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Angie’s List presently has a consensus rating of “Hold” and a consensus price target of $10.54.
Several hedge funds have recently modified their holdings of ANGI. Stoneridge Investment Partners LLC bought a new stake in shares of Angie’s List during the first quarter worth approximately $243,000. Dimensional Fund Advisors LP boosted its stake in shares of Angie’s List by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 298,505 shares of the technology company’s stock worth $2,457,000 after buying an additional 42,476 shares in the last quarter. Teton Advisors Inc. bought a new stake in shares of Angie’s List during the first quarter worth approximately $517,000. Ameriprise Financial Inc. bought a new stake in shares of Angie’s List during the first quarter worth approximately $1,327,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Angie’s List during the first quarter worth approximately $269,000. 71.48% 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. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.
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