Analysts Set Angie’s List Inc. (ANGI) Price Target at $9.50
Angie’s List Inc. (NASDAQ:ANGI) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.50.
Several research firms have recently commented on ANGI. Pacific Crest reissued a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. Zacks Investment Research raised Angie’s List from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a report on Thursday, July 28th. TheStreet raised Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Raymond James Financial Inc. raised Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Friday, August 19th. Finally, Cowen and Company reissued a “market perform” rating and issued a $11.00 price objective (up previously from $10.00) on shares of Angie’s List in a report on Tuesday, September 27th.
In other news, insider Bowman Angela R. Hicks sold 3,000 shares of Angie’s List stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $10.14, for a total transaction of $30,420.00. Following the completion of the sale, the insider now owns 759,192 shares of the company’s stock, valued at $7,698,206.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 35.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Angie’s List by 90.3% in the third quarter. Morgan Stanley now owns 3,313,509 shares of the company’s stock worth $32,837,000 after buying an additional 1,571,895 shares during the last quarter. Northpointe Capital LLC bought a new position in shares of Angie’s List during the third quarter worth approximately $13,042,000. Elk Creek Partners LLC acquired a new position in Angie’s List during the second quarter worth about $2,598,000. Price T Rowe Associates Inc. MD boosted its position in Angie’s List by 12.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,073,490 shares of the company’s stock worth $60,188,000 after buying an additional 674,560 shares in the last quarter. Finally, Spark Investment Management LLC boosted its position 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. Institutional investors own 68.47% of the company’s stock.
Shares of Angie’s List (NASDAQ:ANGI) opened at 8.83 on Wednesday. The company’s market cap is $522.32 million. Angie’s List has a one year low of $6.32 and a one year high of $11.25. The firm has a 50-day moving average of $8.41 and a 200 day moving average of $8.51.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.14. The business had revenue of $79.70 million for the quarter, compared to the consensus estimate of $81.97 million. Angie’s List had a negative return on equity of 293.31% and a negative net margin of 0.56%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Angie’s List will post ($0.19) EPS for the current year.
About Angie’s List
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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