Cowen and Company Reiterates “Market Perform” Rating for Angie’s List Inc. (ANGI)
Angie’s List Inc. (NASDAQ:ANGI)‘s stock had its “market perform” rating reiterated by equities research analysts at Cowen and Company in a research report issued on Tuesday. They presently have a $11.00 target price on the stock, up from their previous target price of $10.00. Cowen and Company’s target price points to a potential upside of 6.08% from the stock’s current price.
Several other research analysts have also issued reports on the company. Raymond James Financial Inc. upgraded Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Friday, August 19th. Zacks Investment Research downgraded Angie’s List from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. TheStreet raised Angie’s List from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Pacific Crest reissued a “hold” rating on shares of Angie’s List in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.48.
Angie’s List (NASDAQ:ANGI) opened at 10.37 on Tuesday. Angie’s List has a one year low of $4.91 and a one year high of $11.25. The company has a market cap of $609.55 million, a PE ratio of 41.98 and a beta of 1.43. The firm’s 50-day moving average price is $9.79 and its 200-day moving average price is $8.45.
Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.12. The business had revenue of $83.10 million for the quarter, compared to analyst estimates of $86.21 million. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) earnings per share. On average, equities research analysts forecast that Angie’s List will post $0.11 earnings per share for the current fiscal year.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $10.14, for a total value of $30,420.00. Following the completion of the sale, the insider now directly owns 759,192 shares of the company’s stock, valued at $7,698,206.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 35.80% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Elk Creek Partners LLC purchased a new stake in Angie’s List during the second quarter worth about $2,598,000. State Street Corp increased its stake in Angie’s List by 4.0% in the first quarter. State Street Corp now owns 742,335 shares of the company’s stock worth $5,993,000 after buying an additional 28,539 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in Angie’s List by 27.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 661,300 shares of the company’s stock worth $5,337,000 after buying an additional 143,997 shares in the last quarter. Spark Investment Management LLC increased its stake in Angie’s List by 587.5% in the second quarter. Spark Investment Management LLC now owns 390,500 shares of the company’s stock worth $2,542,000 after buying an additional 333,700 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Angie’s List by 6.0% in the first quarter. Geode Capital Management LLC now owns 303,513 shares of the company’s stock worth $2,449,000 after buying an additional 17,208 shares in the last quarter. 64.42% of the stock is owned by institutional investors and hedge funds.
Angie’s List Company Profile
Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.
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