Angie’s List Inc. (ANGI) Receives Consensus Rating of “Hold” from Brokerages
Shares of Angie’s List Inc. (NASDAQ:ANGI) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.29.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Pacific Crest restated a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Cowen and Company restated a “market perform” rating and set a $11.00 target price (up from $10.00) on shares of Angie’s List in a report on Tuesday, September 27th. Finally, Raymond James Financial Inc. upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Friday, August 19th.
In related news, insider Bowman Angela R. Hicks sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $10.14, for a total value of $30,420.00. Following the completion of the transaction, 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 available through this link. 35.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock worth $145,000 after buying an additional 11,300 shares during the period. Trexquant Investment LP bought a new position in Angie’s List during the second quarter worth approximately $174,000. Royce & Associates LP boosted its position in Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock worth $266,000 after buying an additional 7,820 shares during the period. Strs Ohio boosted its position in Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock worth $255,000 after buying an additional 25,900 shares during the period. Finally, Paloma Partners Management Co bought a new position in Angie’s List during the second quarter worth approximately $258,000. 64.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Angie’s List (NASDAQ:ANGI) traded up 1.92% on Wednesday, reaching $9.04. 80,789 shares of the company were exchanged. Angie’s List has a 12 month low of $5.23 and a 12 month high of $11.25. The stock has a market capitalization of $531.37 million, a P/E ratio of 36.60 and a beta of 1.43. The stock has a 50 day moving average price of $9.99 and a 200-day moving average price of $8.54.
Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $86.21 million. Angie’s List had a net margin of 4.42% and a negative return on equity of 293.31%. Angie’s List’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS. On average, equities analysts expect that Angie’s List will post $0.07 EPS for the current fiscal year.
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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