ANGI Homeservices Inc (NASDAQ:ANGI) was upgraded by research analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a $14.00 price target on the technology company’s stock. Wells Fargo & Company’s target price would indicate a potential upside of 16.28% from the company’s previous close.

A number of other brokerages also recently issued reports on ANGI. Zacks Investment Research upgraded ANGI Homeservices from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub downgraded ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Cowen and Company reiterated a “hold” rating and set a $8.50 price target on shares of ANGI Homeservices in a research report on Friday, July 14th. Finally, CIBC began coverage on ANGI Homeservices in a research report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.14.

ANGI Homeservices (NASDAQ ANGI) traded down 0.33% on Thursday, reaching $12.04. The company had a trading volume of 322,591 shares. The stock’s 50 day moving average is $12.07 and its 200-day moving average is $11.18. The stock’s market capitalization is $732.97 million. ANGI Homeservices has a 1-year low of $11.43 and a 1-year high of $13.74.

ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $73.87 million. ANGI Homeservices had a negative return on equity of 348.91% and a negative net margin of 11.08%. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. On average, equities analysts predict that ANGI Homeservices will post ($0.07) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ANGI Homeservices Inc (ANGI) Stock Rating Upgraded by Wells Fargo & Company” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/22/angi-homeservices-inc-angi-stock-rating-upgraded-by-wells-fargo-company.html.

In other news, Director Michael S. Maurer sold 6,380 shares of the firm’s stock in a transaction that occurred 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 owns 180,816 shares in the company, valued at $2,169,792. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael S. Maurer sold 16,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 62,563 shares in the company, valued at approximately $768,273.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 831,364 shares of company stock worth $9,936,056. Company insiders own 18.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ANGI. Citadel Advisors LLC purchased a new position in ANGI Homeservices during the first quarter worth approximately $103,000. American International Group Inc. lifted its position in ANGI Homeservices by 7.1% during the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock worth $140,000 after buying an additional 1,621 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in ANGI Homeservices during the first quarter worth approximately $153,000. Metropolitan Life Insurance Co. NY lifted its position in ANGI Homeservices by 11.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock worth $174,000 after buying an additional 3,264 shares in the last quarter. Finally, Global X Management Co. LLC lifted its position in ANGI Homeservices by 4.6% during the first 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 in the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.

About ANGI Homeservices

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

Receive News & Ratings for ANGI Homeservices Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices Inc and related companies with MarketBeat.com's FREE daily email newsletter.