ANGI Homeservices (ANGI) Upgraded by MKM Partners to Buy

ANGI Homeservices (NASDAQ:ANGI) was upgraded by MKM Partners from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $15.00 price target on the technology company’s stock. MKM Partners’ target price suggests a potential upside of 31.35% from the stock’s current price.

A number of other research firms have also weighed in on ANGI. Goldman Sachs Group started coverage on shares of ANGI Homeservices in a report on Wednesday, October 11th. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research upgraded shares of ANGI Homeservices from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. ValuEngine lowered shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $14.00 target price on shares of ANGI Homeservices in a report on Thursday, October 5th. Finally, BidaskClub lowered shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Saturday. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.39.

ANGI Homeservices (ANGI) traded up $0.96 during trading on Wednesday, hitting $11.42. 722,200 shares of the stock were exchanged, compared to its average volume of 577,100. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $655.38, a price-to-earnings ratio of -95.16, a P/E/G ratio of 4.18 and a beta of 1.32. ANGI Homeservices has a one year low of $5.22 and a one year high of $13.74.

ANGI Homeservices (NASDAQ:ANGI) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $184.47 million. ANGI Homeservices had a negative return on equity of 25.20% and a negative net margin of 17.04%. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.28) earnings per share. sell-side analysts anticipate that ANGI Homeservices will post -0.23 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in ANGI Homeservices by 15,999.4% in the second quarter. BNP Paribas Arbitrage SA now owns 110,442 shares of the technology company’s stock worth $1,413,000 after buying an additional 109,756 shares during the period. California State Teachers Retirement System lifted its holdings in shares of ANGI Homeservices by 1.9% during the fourth quarter. California State Teachers Retirement System now owns 81,206 shares of the technology company’s stock valued at $759,000 after purchasing an additional 1,500 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of ANGI Homeservices during the first quarter valued at approximately $243,000. Northpointe Capital LLC purchased a new position in shares of ANGI Homeservices during the third quarter valued at approximately $13,042,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of ANGI Homeservices by 55.0% during the first quarter. Dimensional Fund Advisors LP now owns 462,627 shares of the technology company’s stock valued at $2,637,000 after purchasing an additional 164,122 shares during the last quarter. Institutional investors and hedge funds own 68.65% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “ANGI Homeservices (ANGI) Upgraded by MKM Partners to Buy” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/03/angi-homeservices-angi-upgraded-by-mkm-partners-to-buy.html.

ANGI Homeservices 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.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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

Leave a Reply