Equities research analysts at Evercore ISI initiated coverage on shares of Angie’s List (NASDAQ:ANGI) in a research note issued on Tuesday, The Fly reports. The firm set a $12.00 price target on the technology company’s stock. Evercore ISI’s price target indicates a potential upside of 8.21% from the stock’s current price.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Angie’s List from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Wells Fargo & Company raised shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Thursday, October 19th. Piper Jaffray Companies started coverage on shares of Angie’s List in a research note on Wednesday, August 16th. They set an “overweight” rating and a $14.00 price target for the company. Goldman Sachs Group started coverage on shares of Angie’s List in a research note on Wednesday, October 11th. They set a “buy” rating and a $14.00 price target for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $14.00 price target on shares of Angie’s List in a research note on Thursday, October 5th. One 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 company currently has an average rating of “Hold” and an average target price of $12.13.

Shares of Angie’s List (ANGI) traded down $0.42 during trading hours on Tuesday, hitting $11.09. 762,700 shares of the company’s stock were exchanged, compared to its average volume of 671,846. Angie’s List has a 52 week low of $5.22 and a 52 week high of $13.74. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08.

Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $184.47 million. During the same period in the prior year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. research analysts forecast that Angie’s List will post -0.23 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. BB&T Securities LLC acquired a new stake in shares of Angie’s List in the 3rd quarter worth $142,000. Brown Advisory Inc. acquired a new stake in shares of Angie’s List in the 3rd quarter worth $147,000. SG Americas Securities LLC acquired a new stake in shares of Angie’s List in the 3rd quarter worth $160,000. Metropolitan Life Insurance Co. NY lifted 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 worth $174,000 after acquiring an additional 3,264 shares during the period. Finally, Harvest Management LLC acquired a new stake in shares of Angie’s List in the 2nd quarter worth $192,000. Institutional investors own 68.65% of the company’s stock.

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Angie’s List Company Profile

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.

The Fly

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

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