Angie’s List, Inc. (ANGI) Stock Rating Upgraded by Zacks Investment Research
Angie’s List, Inc. (NASDAQ:ANGI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “
ANGI has been the topic of several other reports. Piper Jaffray Companies assumed coverage on shares of Angie’s List in a research note on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price target on the stock. BidaskClub downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. CIBC assumed coverage on shares of Angie’s List in a research note on Thursday, October 5th. They issued an “outperform” rating and a $14.00 price target on the stock. Cowen and Company reissued a “hold” rating and issued a $8.50 price target on shares of Angie’s List in a research note on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $14.00 price target on shares of Angie’s List in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.91.
Shares of Angie’s List (NASDAQ ANGI) traded down 0.67% during mid-day trading on Monday, reaching $11.85. 208,899 shares of the company’s stock traded hands. The company’s 50 day moving average is $12.07 and its 200 day moving average is $11.03. The company’s market cap is $721.40 million. Angie’s List has a 12-month low of $5.22 and a 12-month high of $13.74.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $73.87 million. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. On average, analysts predict that Angie’s List will post ($0.07) EPS for the current fiscal year.
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In other Angie’s List news, COO J Mark Howell sold 38,221 shares of Angie’s List stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $11.52, for a total transaction of $440,305.92. Following the transaction, the chief operating officer now directly owns 125,416 shares of the company’s stock, valued at $1,444,792.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael S. Maurer sold 16,500 shares of Angie’s List stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $12.28, for a total transaction of $202,620.00. Following the transaction, the director now directly owns 62,563 shares in the company, valued at $768,273.64. The disclosure for this sale can be found here. Insiders have sold 831,364 shares of company stock worth $9,936,056 over the last ninety days. 18.20% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in ANGI. Citadel Advisors LLC purchased a new stake in shares of Angie’s List in the 1st quarter valued at approximately $103,000. American International Group Inc. raised its stake in shares of Angie’s List by 7.1% in the 1st quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after acquiring an additional 1,621 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Angie’s List in the 1st quarter valued at approximately $153,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Angie’s List by 11.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after acquiring an additional 3,264 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of Angie’s List by 4.6% in the 1st quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock valued at $178,000 after acquiring an additional 1,384 shares during the period. 82.25% of the stock is currently owned by institutional investors and hedge funds.
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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