Angie’s List Inc. (NASDAQ:ANGI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday. The firm currently has a $11.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 13.52% from the company’s current price.

According to Zacks, “Angie’s List Inc. provides information, reports and reviews about service companies. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client. Its members share their experiences with each other so that they can choose the service company that’s right for their job. The Company provides detailed reviews on roofers, plumbers, house cleaners and dentists along with others. Angie’s List, Inc. is headquartered in Indianapolis, Indiana. “

Several other analysts also recently weighed in on the stock. Cowen and Company reissued a “market perform” rating and issued a $11.00 price target (up from $10.00) on shares of Angie’s List in a research note on Tuesday, September 27th. Raymond James Financial Inc. raised shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Friday, August 19th. TheStreet raised shares of 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.62.

Analyst Recommendations for Angie`s List (NASDAQ:ANGI)

Shares of Angie’s List (NASDAQ:ANGI) remained flat at $9.69 during mid-day trading on Tuesday. 126,717 shares of the stock traded hands. The company’s 50-day moving average price is $9.92 and its 200-day moving average price is $8.49. The firm has a market cap of $569.58 million, a price-to-earnings ratio of 39.23 and a beta of 1.44. Angie’s List has a 52-week low of $5.23 and a 52-week high of $11.25.

Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. Angie’s List had a net margin of 4.42% and a negative return on equity of 293.31%. The company earned $83.10 million during the quarter, compared to the consensus estimate of $86.21 million. During the same period in the previous year, the firm posted ($0.14) EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, analysts expect that Angie’s List will post $0.07 EPS for the current fiscal year.

In related news, insider Bowman Angela R. Hicks sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $10.14, for a total transaction of $30,420.00. Following the transaction, the insider now owns 759,192 shares in the company, valued at $7,698,206.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 35.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock valued at $145,000 after buying an additional 11,300 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Angie’s List during the second quarter valued at about $174,000. Strs Ohio boosted its position in shares of Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock valued at $255,000 after buying an additional 25,900 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Angie’s List during the second quarter valued at about $258,000. Finally, Royce & Associates LP boosted its position in shares of Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock valued at $266,000 after buying an additional 7,820 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.

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.

5 Day Chart for NASDAQ:ANGI

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