Angie’s List, Inc. (ANGI) Rating Reiterated by Oppenheimer Holdings, Inc.
Angie’s List, Inc. (NASDAQ:ANGI)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer Holdings, Inc. in a report released on Thursday. They presently have a $14.00 target price on the technology company’s stock. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 19.66% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Angie’s List from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Piper Jaffray Companies assumed coverage on shares of Angie’s List in a research report on Wednesday, August 16th. They set an “overweight” rating and a $14.00 price target for the company. Finally, Cowen and Company reissued a “hold” rating and set a $8.50 price target on shares of Angie’s List in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Angie’s List presently has a consensus rating of “Hold” and an average target price of $11.61.
Shares of Angie’s List (NASDAQ ANGI) opened at 11.70 on Thursday. The stock’s 50 day moving average is $12.13 and its 200 day moving average is $10.73. The stock’s market cap is $712.27 million. Angie’s List has a 12 month low of $5.22 and a 12 month high of $13.74.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $73.87 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. Analysts predict that Angie’s List will post ($0.07) earnings per share for the current fiscal year.
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In related news, COO J Mark Howell sold 134,901 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 125,416 shares in the company, valued at $1,457,333.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bowman Angela R. Hicks sold 300,000 shares of the firm’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 transaction, the insider now owns 670,413 shares in the company, valued at $8,018,139.48. The disclosure for this sale can be found here. Insiders have sold 831,364 shares of company stock worth $9,936,056 over the last 90 days. 18.20% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Davis Selected Advisers lifted its stake in Angie’s List by 36.9% during the second quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock worth $57,869,000 after purchasing an additional 1,218,944 shares during the last quarter. Vanguard Group Inc. lifted its stake in Angie’s List by 5.5% during the first quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock worth $24,895,000 after purchasing an additional 228,084 shares during the last quarter. Capital Research Global Investors bought a new position in Angie’s List during the second quarter worth $37,217,000. State Street Corp lifted its stake in Angie’s List by 6.5% during the second quarter. State Street Corp now owns 766,698 shares of the technology company’s stock worth $9,803,000 after purchasing an additional 47,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Angie’s List by 31.3% during the second quarter. Dimensional Fund Advisors LP now owns 607,595 shares of the technology company’s stock worth $7,771,000 after purchasing an additional 144,968 shares during the last quarter. Hedge funds and other institutional investors own 82.25% 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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