Angie’s List, Inc. (ANGI) Director Sells $1,202,651.60 in Stock
Angie’s List, Inc. (NASDAQ:ANGI) Director Michael S. Maurer sold 98,578 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $12.20, for a total transaction of $1,202,651.60. Following the completion of the transaction, the director now directly owns 62,563 shares in the company, valued at approximately $763,268.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Angie’s List, Inc. (ANGI) opened at 12.17 on Monday. The company has a 50-day moving average price of $12.24 and a 200-day moving average price of $9.41. The company’s market cap is $740.89 million. Angie’s List, Inc. has a 1-year low of $5.22 and a 1-year high of $13.28.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $73.87 million. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. On average, analysts expect that Angie’s List, Inc. will post ($0.06) EPS for the current fiscal year.
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Several research firms have recently weighed in on ANGI. BidaskClub raised shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies began coverage on shares of Angie’s List in a report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price target on the stock. Zacks Investment Research cut shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and issued a $8.50 price target on shares of Angie’s List in a report on Friday, July 14th. Finally, ValuEngine raised shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.65.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its position in Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after buying an additional 1,621 shares in the last quarter. Stifel Financial Corp increased its position in Angie’s List by 3.4% in the first quarter. Stifel Financial Corp now owns 84,745 shares of the technology company’s stock valued at $483,000 after buying an additional 2,800 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Angie’s List during the first quarter valued at $153,000. Alambic Investment Management L.P. acquired a new position in Angie’s List during the first quarter valued at $247,000. Finally, Trexquant Investment LP acquired a new position in Angie’s List during the first quarter valued at $773,000. 82.82% of the stock is currently owned by hedge funds and other institutional investors.
Angie’s List Company Profile
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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