Angie’s List, Inc. (ANGI) Earns Outperform Rating from Analysts at CIBC
Stock analysts at CIBC initiated coverage on shares of Angie’s List, Inc. (NASDAQ:ANGI) in a research report issued on Thursday. The brokerage set an “outperform” rating and a $14.00 price target on the technology company’s stock. CIBC’s price target indicates a potential upside of 18.54% from the stock’s current price.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, July 12th. BidaskClub downgraded Angie’s List from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Cowen and Company reiterated a “hold” rating and set a $8.50 price target on shares of Angie’s List in a research note on Friday, July 14th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $14.00 price target on shares of Angie’s List in a research note on Thursday. Finally, Piper Jaffray Companies initiated coverage on Angie’s List in a research note on Wednesday, August 16th. They set an “overweight” rating and a $14.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.61.
Angie’s List (NASDAQ:ANGI) traded up 0.59% during trading on Thursday, reaching $11.88. The company had a trading volume of 123,236 shares. Angie’s List has a 12 month low of $5.22 and a 12 month high of $13.74. The stock has a 50 day moving average of $12.13 and a 200-day moving average of $10.69. The company’s market capitalization is $723.23 million.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the 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%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Equities research analysts expect that Angie’s List will post ($0.07) EPS for the current fiscal year.
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In related news, COO J Mark Howell sold 134,901 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $11.62, for a total transaction of $1,567,549.62. Following the completion of the sale, the chief operating officer now owns 125,416 shares in the company, valued at approximately $1,457,333.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bowman Angela R. Hicks sold 300,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $11.96, for a total value of $3,588,000.00. Following the sale, the insider now owns 670,413 shares of the company’s stock, valued at approximately $8,018,139.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,364 shares of company stock valued at $9,936,056. 18.20% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in ANGI. Citadel Advisors LLC bought a new stake in Angie’s List during the 1st quarter valued at approximately $103,000. American International Group Inc. boosted its stake in Angie’s List by 7.1% during the 1st quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,621 shares during the period. JPMorgan Chase & Co. bought a new stake in Angie’s List during the 1st quarter valued at approximately $153,000. Metropolitan Life Insurance Co. NY boosted its stake in Angie’s List by 11.9% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after purchasing an additional 3,264 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Angie’s List by 4.6% during the 1st quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock valued at $178,000 after purchasing an additional 1,384 shares during the period. Hedge funds and other institutional investors own 82.25% of the company’s stock.
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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