ANGI Homeservices Inc. (NASDAQ:ANGI) – Stock analysts at Piper Sandler raised their Q2 2021 earnings estimates for shares of ANGI Homeservices in a report issued on Tuesday, January 12th. Piper Sandler analyst T. Champion now anticipates that the technology company will post earnings of $0.00 per share for the quarter, up from their previous forecast of ($0.01). Piper Sandler currently has a “Neutral” rating and a $13.00 target price on the stock. Piper Sandler also issued estimates for ANGI Homeservices’ Q3 2021 earnings at $0.01 EPS, Q4 2021 earnings at $0.02 EPS, FY2021 earnings at $0.02 EPS, FY2022 earnings at $0.22 EPS and FY2023 earnings at $0.44 EPS.
ANGI has been the topic of several other research reports. Zacks Investment Research upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a research note on Friday, January 8th. KeyCorp increased their target price on ANGI Homeservices from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, December 23rd. Smith Barney Citigroup cut their target price on ANGI Homeservices from $14.00 to $18.00 in a research note on Monday, November 9th. TheStreet downgraded ANGI Homeservices from a “c-” rating to a “d” rating in a research note on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on ANGI Homeservices from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.54.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $389.91 million for the quarter, compared to the consensus estimate of $391.71 million. ANGI Homeservices had a return on equity of 0.62% and a net margin of 0.56%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS.
A number of large investors have recently bought and sold shares of ANGI. Commonwealth Equity Services LLC acquired a new position in ANGI Homeservices in the second quarter valued at $353,000. Cubist Systematic Strategies LLC raised its holdings in shares of ANGI Homeservices by 125.4% in the second quarter. Cubist Systematic Strategies LLC now owns 249,177 shares of the technology company’s stock valued at $3,028,000 after buying an additional 138,634 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of ANGI Homeservices by 15.4% in the second quarter. Stephens Investment Management Group LLC now owns 1,923,765 shares of the technology company’s stock valued at $23,374,000 after buying an additional 257,186 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of ANGI Homeservices by 397.4% in the second quarter. Schonfeld Strategic Advisors LLC now owns 123,861 shares of the technology company’s stock valued at $1,505,000 after buying an additional 98,961 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of ANGI Homeservices in the third quarter valued at about $8,544,000. 13.33% of the stock is currently owned by institutional investors and hedge funds.
In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $11.95, for a total transaction of $119,500.00. Following the sale, the director now directly owns 318,606 shares of the company’s stock, valued at $3,807,341.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Craig M. Smith sold 371,738 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $10.42, for a total value of $3,873,509.96. Following the sale, the chief operating officer now directly owns 1,180,837 shares in the company, valued at $12,304,321.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 451,752 shares of company stock worth $4,822,676. 17.40% of the stock is owned by insiders.
About ANGI Homeservices
ANGI Homeservices Inc operates a digital marketplace for home services, connecting consumers with home service professionals in the United States and internationally. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects; and provides consumers with tools and resources to find local, pre-screened, and customer-rated service professionals, as well as offers online appointment booking.
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