ANGI Homeservices (ANGI) Stock Rating Upgraded by BidaskClub

ANGI Homeservices (NASDAQ:ANGI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on ANGI. Zacks Investment Research cut shares of ANGI Homeservices from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Oppenheimer reiterated an “outperform” rating and set a $14.00 price objective on shares of ANGI Homeservices in a research report on Thursday, October 5th. CIBC began coverage on shares of ANGI Homeservices in a research report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price objective for the company. Goldman Sachs Group began coverage on shares of ANGI Homeservices in a research note on Wednesday, October 11th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Wells Fargo & Co raised shares of ANGI Homeservices from a “market perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.39.

ANGI Homeservices (NASDAQ:ANGI) traded up $0.57 on Friday, hitting $12.76. 760,742 shares of the stock traded hands, compared to its average volume of 446,593. ANGI Homeservices has a 52 week low of $5.22 and a 52 week high of $13.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $763.78, a PE ratio of -106.32, a PEG ratio of 4.88 and a beta of 1.32.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). ANGI Homeservices had a negative return on equity of 25.20% and a negative net margin of 17.04%. The firm had revenue of $181.70 million for the quarter, compared to analyst estimates of $184.47 million. During the same quarter last year, the company earned ($0.28) earnings per share. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. equities research analysts anticipate that ANGI Homeservices will post -0.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BB&T Securities LLC bought a new position in shares of ANGI Homeservices in the third quarter valued at $142,000. Brown Advisory Inc. bought a new position in shares of ANGI Homeservices in the third quarter valued at $147,000. SG Americas Securities LLC bought a new position in shares of ANGI Homeservices in the third quarter valued at $160,000. Harvest Management LLC bought a new position in shares of ANGI Homeservices in the second quarter valued at $192,000. Finally, Marshall Wace North America L.P. bought a new position in shares of ANGI Homeservices in the second quarter valued at $237,000. 68.65% of the stock is currently owned by institutional investors and hedge funds.

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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)

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