Equities research analysts at Nomura began coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a research note issued to investors on Friday, The Fly reports. The firm set a “neutral” rating and a $20.00 price target on the technology company’s stock. Nomura’s target price would indicate a potential upside of 4.22% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Wedbush reissued an “outperform” rating and issued a $26.00 price objective on shares of ANGI Homeservices in a research note on Wednesday. Raymond James increased their price objective on shares of ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. UBS Group increased their price objective on shares of ANGI Homeservices from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Finally, Zacks Investment Research raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, August 13th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. ANGI Homeservices has an average rating of “Buy” and an average target price of $19.91.
Shares of NASDAQ:ANGI traded up $0.31 on Friday, reaching $19.19. 39,041 shares of the company were exchanged, compared to its average volume of 743,137. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.24. ANGI Homeservices has a 1-year low of $10.24 and a 1-year high of $23.95. The stock has a market cap of $1.54 billion, a PE ratio of -87.23, a price-to-earnings-growth ratio of 7.96 and a beta of 1.76.
ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The firm had revenue of $294.80 million for the quarter, compared to analysts’ expectations of $293.43 million. ANGI Homeservices had a negative net margin of 12.14% and a negative return on equity of 10.01%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) EPS. Equities analysts anticipate that ANGI Homeservices will post 0.12 earnings per share for the current year.
In other news, major shareholder Luxor Capital Group, Lp bought 89,000 shares of ANGI Homeservices stock in a transaction on Friday, September 14th. The shares were bought at an average cost of $23.40 per share, for a total transaction of $2,082,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,602 shares of company stock worth $1,423,786. 20.30% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in ANGI Homeservices by 2.5% in the 2nd quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock valued at $149,179,000 after purchasing an additional 239,681 shares in the last quarter. CIBC Asset Management Inc purchased a new position in ANGI Homeservices in the 2nd quarter valued at about $260,000. Swiss National Bank lifted its holdings in ANGI Homeservices by 10.4% in the 2nd quarter. Swiss National Bank now owns 71,000 shares of the technology company’s stock valued at $1,092,000 after purchasing an additional 6,700 shares in the last quarter. Granahan Investment Management Inc. MA purchased a new position in ANGI Homeservices in the 2nd quarter valued at about $202,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in ANGI Homeservices by 7.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 170,616 shares of the technology company’s stock valued at $2,625,000 after purchasing an additional 11,384 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.
ANGI Homeservices Company Profile
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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