Angie’s List, Inc. (ANGI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Angie’s List, Inc. (NASDAQ:ANGI) have received a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.16.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Angie’s List from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. BidaskClub upgraded Angie’s List from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Wells Fargo & Company upgraded Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Thursday, October 19th. CIBC assumed coverage on Angie’s List in a report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price target on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $14.00 price target on shares of Angie’s List in a report on Thursday, October 5th.
Several institutional investors and hedge funds have recently modified their holdings of ANGI. Capital Research Global Investors bought a new position in shares of Angie’s List in the 2nd quarter worth $37,217,000. Stephens Investment Management Group LLC lifted its holdings in shares of Angie’s List by 2,069.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock worth $25,166,000 after purchasing an additional 1,926,670 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of Angie’s List by 36.9% in the 2nd quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock worth $57,869,000 after purchasing an additional 1,218,944 shares in the last quarter. RWC Asset Management LLP bought a new position in shares of Angie’s List in the 3rd quarter worth $6,230,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Angie’s List by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock worth $24,895,000 after purchasing an additional 228,084 shares in the last quarter. Institutional investors own 68.65% of the company’s stock.
Angie’s List (NASDAQ:ANGI) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). Angie’s List had a negative net margin of 17.04% and a negative return on equity of 25.20%. The company had revenue of $181.70 million during the quarter, compared to the consensus estimate of $184.47 million. During the same quarter in the previous year, the company earned ($0.28) earnings per share. The business’s revenue was up 36.0% on a year-over-year basis. equities analysts anticipate that Angie’s List will post -0.23 EPS for the current year.
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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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