Zacks Investment Research upgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “

A number of other equities analysts have also recently issued reports on the stock. Nomura reissued a hold rating and set a $9.00 price objective on shares of ANGI Homeservices in a research report on Sunday, February 9th. Benchmark initiated coverage on shares of ANGI Homeservices in a research report on Tuesday, February 4th. They set a buy rating and a $12.00 price objective on the stock. Finally, ValuEngine raised shares of ANGI Homeservices from a hold rating to a buy rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $13.71.

Shares of ANGI stock traded down $0.16 on Tuesday, reaching $8.36. 158,433 shares of the company were exchanged, compared to its average volume of 1,604,759. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 119.59 and a beta of 2.05. The company has a 50-day moving average of $8.71 and a 200-day moving average of $8.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 2.20. ANGI Homeservices has a one year low of $6.39 and a one year high of $18.62.

In related news, CFO Jamie Cohen sold 4,476 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $8.81, for a total value of $39,433.56. Following the transaction, the chief financial officer now owns 5,807 shares of the company’s stock, valued at approximately $51,159.67. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bowman Angela R. Hicks sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now directly owns 429,081 shares in the company, valued at approximately $3,432,648. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,950 shares of company stock worth $291,731. 13.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in ANGI Homeservices by 5.2% in the 3rd quarter. State Street Corp now owns 300,770 shares of the technology company’s stock valued at $2,131,000 after buying an additional 14,811 shares during the last quarter. First Trust Advisors LP increased its stake in ANGI Homeservices by 9.3% in the 3rd quarter. First Trust Advisors LP now owns 28,628 shares of the technology company’s stock valued at $203,000 after buying an additional 2,444 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in ANGI Homeservices in the 3rd quarter valued at about $1,608,000. Neo Ivy Capital Management increased its stake in ANGI Homeservices by 19.1% in the 3rd quarter. Neo Ivy Capital Management now owns 31,005 shares of the technology company’s stock valued at $241,000 after buying an additional 4,975 shares during the last quarter. Finally, Millennium Management LLC increased its stake in ANGI Homeservices by 341.7% in the 3rd quarter. Millennium Management LLC now owns 590,674 shares of the technology company’s stock valued at $4,184,000 after buying an additional 456,932 shares during the last quarter. 15.24% of the stock is currently owned by institutional investors and hedge funds.

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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