Wall Street analysts forecast that Angie’s List, Inc. (NASDAQ:ANGI) will post sales of $72.50 million for the current quarter, Zacks reports. Two analysts have made estimates for Angie’s List’s earnings, with the lowest sales estimate coming in at $71.80 million and the highest estimate coming in at $73.20 million. Angie’s List reported sales of $79.75 million in the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The firm is expected to issue its next earnings report on Tuesday, November 7th.

On average, analysts expect that Angie’s List will report full-year sales of $72.50 million for the current year, with estimates ranging from $288.60 million to $291.80 million. For the next financial year, analysts forecast that the firm will report sales of $297.25 million per share, with estimates ranging from $295.70 million to $298.80 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Angie’s List.

Angie’s List (NASDAQ:ANGI) last posted its earnings results on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $73.87 million. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. Angie’s List’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS.

A number of equities research analysts recently issued reports on ANGI shares. Zacks Investment Research raised Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, July 12th. ValuEngine raised Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC downgraded Angie’s List from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Loop Capital downgraded Angie’s List from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, BidaskClub downgraded Angie’s List from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.54.

Angie’s List (ANGI) opened at 11.73 on Monday. The company’s market cap is $714.10 million. Angie’s List has a 52-week low of $5.22 and a 52-week high of $13.28. The company’s 50 day moving average price is $12.42 and its 200 day moving average price is $9.04.

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In other news, insider Bowman Angela R. Hicks sold 300,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $11.96, for a total value of $3,588,000.00. Following the completion of the transaction, the insider now directly owns 670,413 shares in the company, valued at approximately $8,018,139.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael S. Maurer sold 10,992 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $12.00, for a total value of $131,904.00. Following the completion of the transaction, the director now owns 180,816 shares of the company’s stock, valued at $2,169,792. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,178 shares of company stock worth $3,806,136. Company insiders own 18.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Davis Selected Advisers boosted its position in shares of Angie’s List by 36.9% in the second quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock worth $57,869,000 after buying an additional 1,218,944 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Angie’s List by 131.5% in the first quarter. Segall Bryant & Hamill LLC now owns 991,090 shares of the technology company’s stock worth $5,649,000 after buying an additional 562,911 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Angie’s List during the first quarter worth approximately $1,327,000. Vanguard Group Inc. boosted its position in shares of Angie’s List by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock worth $24,895,000 after buying an additional 228,084 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Angie’s List by 55.0% in the first quarter. Dimensional Fund Advisors LP now owns 462,627 shares of the technology company’s stock worth $2,637,000 after buying an additional 164,122 shares during the last quarter. Institutional investors own 70.37% of the company’s stock.

About Angie’s List

Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.

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Earnings History and Estimates for Angie`s List (NASDAQ:ANGI)

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