Research analysts at Oppenheimer Holdings, Inc. assumed coverage on shares of Angie’s List, Inc. (NASDAQ:ANGI) in a report released on Thursday. The brokerage set an “outperform” rating and a $14.00 price target on the technology company’s stock. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 18.54% from the company’s current price.

A number of other research analysts have also commented on ANGI. Zacks Investment Research raised Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating and issued a $8.50 price objective on shares of Angie’s List in a report on Friday, July 14th. BidaskClub lowered Angie’s List from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Piper Jaffray Companies assumed coverage on Angie’s List in a report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.21.

Angie’s List (NASDAQ ANGI) opened at 11.81 on Thursday. Angie’s List has a 12 month low of $5.22 and a 12 month high of $13.74. The company has a 50-day moving average price of $12.13 and a 200 day moving average price of $10.69. The company’s market capitalization is $718.97 million.

Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $73.87 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Angie’s List will post ($0.07) EPS for the current fiscal year.

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In other news, insider Bowman Angela R. Hicks sold 300,000 shares of the company’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 sale, the insider now directly owns 670,413 shares in the company, valued at approximately $8,018,139.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael S. Maurer sold 16,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $12.28, for a total value of $202,620.00. Following the sale, the director now owns 62,563 shares of the company’s stock, valued at $768,273.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 831,364 shares of company stock valued at $9,936,056. Corporate insiders own 18.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Angie’s List by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,598 shares of the technology company’s stock worth $416,000 after buying an additional 216 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Angie’s List by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock worth $1,954,000 after buying an additional 760 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Angie’s List by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 46,347 shares of the technology company’s stock worth $593,000 after buying an additional 966 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Angie’s List by 1.0% during the 2nd quarter. Teachers Advisors LLC now owns 113,913 shares of the technology company’s stock worth $1,457,000 after buying an additional 1,182 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of Angie’s List by 4.6% during the 1st quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock worth $178,000 after buying an additional 1,384 shares during the last quarter. Institutional investors and hedge funds own 82.25% of the company’s stock.

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.

Analyst Recommendations for Angie`s List (NASDAQ:ANGI)

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