Goldman Sachs Group, Inc. (The) began coverage on shares of Angie’s List, Inc. (NASDAQ:ANGI) in a report published on Wednesday morning. The brokerage issued a buy rating and a $14.00 price objective on the technology company’s stock.

Several other research firms have also recently issued reports on ANGI. Zacks Investment Research raised Angie’s List from a hold rating to a buy rating and set a $14.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub cut Angie’s List from a hold rating to a sell rating in a research report on Friday, July 28th. Cowen and Company reaffirmed a hold rating and set a $8.50 price objective on shares of Angie’s List in a research report on Friday, July 14th. CIBC began coverage on Angie’s List in a research report on Thursday, October 5th. They set an outperform rating and a $14.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $14.00 price objective on shares of Angie’s List in a research report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $11.91.

Shares of Angie’s List (ANGI) traded down 0.17% during midday trading on Wednesday, reaching $11.91. The company’s stock had a trading volume of 1,103,227 shares. Angie’s List has a 12-month low of $11.43 and a 12-month high of $13.74. The company’s market cap is $725.06 million. The stock’s 50-day moving average price is $12.09 and its 200-day moving average price is $10.90.

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

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In related news, insider Bowman Angela R. Hicks sold 300,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 670,413 shares of the company’s stock, valued at approximately $8,018,139.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shannon Shaw sold 87,745 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $12.00, for a total value of $1,052,940.00. Following the completion of the sale, the insider now directly owns 28,668 shares of the company’s stock, valued at $344,016. The disclosure for this sale can be found here. Over the last three months, insiders sold 831,364 shares of company stock valued at $9,936,056. Insiders own 18.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ANGI. Citadel Advisors LLC purchased a new stake in Angie’s List during the 1st quarter valued at approximately $103,000. American International Group Inc. raised 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 acquiring an additional 1,621 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Angie’s List during the 1st quarter valued at approximately $153,000. Metropolitan Life Insurance Co. NY raised 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 acquiring an additional 3,264 shares during the last quarter. Finally, Global X Management Co. LLC raised 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 acquiring an additional 1,384 shares during the last quarter. 82.25% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Angie`s List (NASDAQ:ANGI)

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