ANGI Homeservices (ANGI) Upgraded by Zacks Investment Research to Hold

ANGI Homeservices (NASDAQ:ANGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

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. “

Several other brokerages also recently issued reports on ANGI. ValuEngine downgraded ANGI Homeservices from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. BidaskClub raised ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Oppenheimer reissued a “buy” rating and set a $14.00 target price on shares of ANGI Homeservices in a research note on Wednesday, January 3rd. Evercore ISI initiated coverage on ANGI Homeservices in a research note on Tuesday, December 5th. They set an “in-line” rating and a $12.00 target price on the stock. Finally, Wells Fargo & Co reissued a “buy” rating on shares of ANGI Homeservices in a research note on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.77.

Shares of ANGI Homeservices (ANGI) traded down $0.04 on Monday, reaching $13.31. The company had a trading volume of 1,665,600 shares, compared to its average volume of 732,028. The company has a market cap of $833.95, a P/E ratio of -34.13, a PEG ratio of 4.99 and a beta of 1.54. ANGI Homeservices has a 52 week low of $5.22 and a 52 week high of $14.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.53 and a quick ratio of 0.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. D.A. Davidson & CO. purchased a new position in ANGI Homeservices during the 4th quarter valued at approximately $119,000. Teacher Retirement System of Texas purchased a new position in ANGI Homeservices during the 4th quarter valued at approximately $134,000. BB&T Securities LLC purchased a new position in ANGI Homeservices during the 3rd quarter valued at approximately $142,000. Brown Advisory Inc. purchased a new position in ANGI Homeservices during the 3rd quarter valued at approximately $147,000. Finally, SG Americas Securities LLC purchased a new position in ANGI Homeservices during the 3rd quarter valued at approximately $160,000. Institutional investors and hedge funds own 68.89% of the company’s stock.

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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.

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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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