ANGI Homeservices Inc (NASDAQ:ANGI) Given Consensus Recommendation of “Buy” by Analysts
ANGI Homeservices Inc (NASDAQ:ANGI) has received an average rating of “Buy” from the eighteen research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.58.
A number of research analysts recently weighed in on the company. BidaskClub raised ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. ValuEngine upgraded shares of ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of ANGI Homeservices from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. JPMorgan Chase & Co. initiated coverage on shares of ANGI Homeservices in a research report on Monday, April 29th. They issued an “overweight” rating and a $20.00 price target for the company. Finally, Aegis initiated coverage on shares of ANGI Homeservices in a research note on Monday, April 8th. They set a “buy” rating and a $22.00 price target on the stock.
In other news, CEO William B. Ridenour sold 10,960 shares of ANGI Homeservices stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $15.88, for a total value of $174,044.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William B. Ridenour sold 10,885 shares of ANGI Homeservices stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $14.63, for a total transaction of $159,247.55. The disclosure for this sale can be found here. Insiders have sold a total of 270,718 shares of company stock worth $4,236,545 over the last 90 days. 20.30% of the stock is owned by insiders.
Shares of ANGI traded down $0.28 on Friday, reaching $14.75. The stock had a trading volume of 24,935 shares, compared to its average volume of 1,015,591. The stock has a market cap of $7.61 billion, a PE ratio of 98.53, a PEG ratio of 3.18 and a beta of 2.27. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. ANGI Homeservices has a 12-month low of $13.71 and a 12-month high of $23.95.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The company had revenue of $303.44 million during the quarter, compared to analyst estimates of $305.54 million. During the same quarter last year, the company earned ($0.02) EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities analysts anticipate that ANGI Homeservices will post 0.19 EPS for the current year.
ANGI Homeservices Company Profile
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
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