Angie’s List, Inc. (NASDAQ:ANGI) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $12.35 and last traded at $12.36, with a volume of 380,612 shares trading hands. The stock had previously closed at $12.76.

A number of research analysts have recently commented on the company. Piper Jaffray Companies assumed coverage on Angie’s List in a report on Wednesday, August 16th. They set an “overweight” rating and a $14.00 price target on the stock. BidaskClub lowered Angie’s List from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research lowered Angie’s List from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Finally, Cowen and Company reissued a “hold” rating and set a $8.50 price target on shares of Angie’s List in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.65.

The firm’s market cap is $718.97 million. The company’s 50-day moving average price is $12.13 and its 200 day moving average price is $10.69.

Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The business had revenue of $72.80 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities research analysts predict that Angie’s List, Inc. will post ($0.07) EPS for the current fiscal year.

In other news, Director Michael S. Maurer sold 16,500 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $12.28, for a total transaction of $202,620.00. Following the completion of the sale, the director now owns 62,563 shares in the company, valued at $768,273.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bowman Angela R. Hicks sold 300,000 shares of the business’s 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 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 currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Angie’s List in the first quarter valued at about $103,000. American International Group Inc. increased its holdings 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 purchasing an additional 1,621 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Angie’s List in the first quarter valued at about $153,000. Metropolitan Life Insurance Co. NY increased its holdings in Angie’s List by 11.9% in the first 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 last quarter. Finally, Global X Management Co. LLC increased its holdings in Angie’s List by 4.6% in the first 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 last quarter. Institutional investors own 82.25% of the company’s stock.

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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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