Angie’s List, Inc. (NASDAQ:ANGI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $14.00 target price on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.00% from the stock’s current price.

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 a number of other research reports. Piper Jaffray Companies began coverage on shares of Angie’s List in a report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price objective on the stock. BidaskClub downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Wells Fargo & Company raised shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Thursday, October 19th. CIBC began coverage on shares of Angie’s List in a report on Thursday, October 5th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, Cowen and Company reissued a “hold” rating and issued a $8.50 price objective on shares of Angie’s List in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.14.

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In other Angie’s List news, Director Michael S. Maurer sold 6,380 shares of Angie’s List stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $12.00, for a total transaction of $76,560.00. Following the transaction, the director now owns 180,816 shares of the company’s stock, valued at $2,169,792. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO J Mark Howell sold 134,901 shares of Angie’s List stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $11.62, for a total transaction of $1,567,549.62. Following the transaction, the chief operating officer now directly owns 125,416 shares in the company, valued at approximately $1,457,333.92. The disclosure for this sale can be found here. Insiders have sold 531,364 shares of company stock worth $6,348,056 in the last ninety days. Insiders own 18.20% of the company’s stock.

Large investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in Angie’s List during the first quarter valued at approximately $103,000. American International Group Inc. lifted its holdings in Angie’s List by 7.1% during the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,621 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Angie’s List during the first quarter valued at approximately $153,000. Metropolitan Life Insurance Co. NY lifted its holdings in Angie’s List by 11.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Harvest Management LLC purchased a new position in Angie’s List during the second quarter valued at approximately $192,000. 80.66% of the stock is currently owned by institutional investors and hedge funds.

About Angie’s List

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.

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

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