ANGI Homeservices Inc (ANGI) Upgraded at Wells Fargo & Company
Wells Fargo & Company upgraded shares of ANGI Homeservices Inc (NASDAQ:ANGI) from a market perform rating to an outperform rating in a research report released on Thursday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has $14.00 price objective on the technology company’s stock.
Several other brokerages have also commented on ANGI. Zacks Investment Research upgraded shares of ANGI Homeservices from a hold rating to a buy rating and set a $14.00 target price on the stock in a research report on Wednesday, July 12th. BidaskClub lowered shares of ANGI Homeservices from a hold rating to a sell rating in a research report on Friday, July 28th. Cowen and Company reiterated a hold rating and issued a $8.50 price objective on shares of ANGI Homeservices in a research report on Friday, July 14th. Finally, CIBC initiated coverage on shares of ANGI Homeservices in a research report on Thursday, October 5th. They issued an outperform rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. ANGI Homeservices has an average rating of Hold and a consensus price target of $12.14.
ANGI Homeservices (ANGI) traded down 0.33% during trading on Thursday, reaching $12.04. 322,591 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $12.07 and its 200-day moving average price is $11.18. The stock’s market cap is $732.97 million. ANGI Homeservices has a one year low of $5.22 and a one year high of $13.74.
ANGI Homeservices (NASDAQ:ANGI) last issued its earnings results on Wednesday, July 26th. The technology company reported ($0.13) 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 analysts’ expectations of $73.87 million. ANGI Homeservices had a negative return on equity of 348.91% and a negative net margin of 11.08%. ANGI Homeservices’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that ANGI Homeservices will post ($0.07) earnings per share for the current fiscal year.
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In other ANGI Homeservices news, Director Michael S. Maurer sold 10,992 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $12.00, for a total value of $131,904.00. Following the transaction, the director now directly owns 180,816 shares in the company, valued at approximately $2,169,792. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bowman Angela R. Hicks sold 300,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $11.96, for a total transaction of $3,588,000.00. Following the completion of 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 sold a total of 831,364 shares of company stock worth $9,936,056 over the last quarter. Insiders own 18.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ANGI. Wells Fargo & Company MN lifted its holdings in ANGI Homeservices by 539.3% in the 1st quarter. Wells Fargo & Company MN now owns 188,108 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 158,685 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in ANGI Homeservices in the 1st quarter valued at about $1,327,000. JPMorgan Chase & Co. purchased a new position in ANGI Homeservices in the 1st quarter valued at about $153,000. Stifel Financial Corp lifted its holdings in ANGI Homeservices by 3.4% in the 1st quarter. Stifel Financial Corp now owns 84,745 shares of the technology company’s stock valued at $483,000 after purchasing an additional 2,800 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in ANGI Homeservices by 7.1% in 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 in the last quarter. Institutional investors own 82.25% of the company’s stock.
ANGI Homeservices Company Profile
ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.
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