$72.50 Million in Sales Expected for Angie’s List, Inc. (NASDAQ:ANGI) This Quarter
Brokerages expect Angie’s List, Inc. (NASDAQ:ANGI) to post sales of $72.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Angie’s List’s earnings. The lowest sales estimate is $71.80 million and the highest is $73.20 million. Angie’s List posted sales of $79.75 million in the same quarter last year, which suggests a negative year over year growth rate of 9.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Angie’s List will report full year sales of $72.50 million for the current fiscal year, with estimates ranging from $288.60 million to $291.80 million. For the next year, analysts anticipate that the company will report sales of $297.25 million per share, with estimates ranging from $295.70 million to $298.80 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Angie’s List.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.10. Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $73.87 million. During the same quarter in the previous year, the company earned $0.08 EPS. The company’s quarterly revenue was down 12.3% compared to the same quarter last year.
Several equities research analysts have weighed in on ANGI shares. Zacks Investment Research upgraded Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, July 12th. ValuEngine upgraded Angie’s List from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC cut Angie’s List from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Loop Capital cut Angie’s List from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub cut Angie’s List from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.54.
In related news, insider Bowman Angela R. Hicks sold 300,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $11.96, for a total transaction of $3,588,000.00. Following the completion of the transaction, the insider now directly owns 670,413 shares of the company’s stock, valued at approximately $8,018,139.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael S. Maurer sold 6,380 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $12.00, for a total value of $76,560.00. Following the transaction, the director now directly owns 180,816 shares of the company’s stock, valued at $2,169,792. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 318,178 shares of company stock valued at $3,806,136. 18.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Stoneridge Investment Partners LLC bought a new position in shares of Angie’s List during the first quarter valued at about $243,000. Ameriprise Financial Inc. bought a new position in shares of Angie’s List during the first quarter valued at about $1,327,000. Dimensional Fund Advisors LP increased 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 during the last quarter. Teton Advisors Inc. acquired a new stake in shares of Angie’s List during the first quarter worth $517,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Angie’s List during the first quarter worth $269,000. 70.37% of the stock is owned by institutional investors and hedge funds.
Angie’s List (ANGI) opened at 11.73 on Monday. The company’s market cap is $714.10 million. Angie’s List has a 12 month low of $5.22 and a 12 month high of $13.28. The company’s 50-day moving average is $12.42 and its 200-day moving average is $9.04.
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Angie’s List Company Profile
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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