ANGI Homeservices (NASDAQ:ANGI) Rating Lowered to Hold at BidaskClub
ANGI has been the topic of several other research reports. BMO Capital Markets reaffirmed a buy rating and set a $16.00 price target on shares of ANGI Homeservices in a research report on Friday, July 10th. JPMorgan Chase & Co. boosted their target price on ANGI Homeservices from $11.00 to $18.00 and gave the company an overweight rating in a research report on Tuesday, July 7th. TheStreet lowered ANGI Homeservices from a c- rating to a d rating in a research report on Monday, September 21st. Needham & Company LLC reaffirmed a buy rating and set a $17.00 price objective on shares of ANGI Homeservices in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company reiterated a buy rating on shares of ANGI Homeservices in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. ANGI Homeservices has an average rating of Buy and an average target price of $14.53.
ANGI stock opened at $10.94 on Thursday. The firm has a market cap of $5.43 billion, a PE ratio of 273.57 and a beta of 2.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.09 and a current ratio of 2.09. The firm’s 50 day moving average price is $11.86 and its 200-day moving average price is $11.35. ANGI Homeservices has a one year low of $4.10 and a one year high of $17.05.
In other news, Director Bowman Angela R. Hicks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $12.19, for a total value of $121,900.00. Following the sale, the director now directly owns 348,606 shares in the company, valued at $4,249,507.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Allison Lowrie sold 105,051 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $14.65, for a total transaction of $1,538,997.15. Over the last ninety days, insiders sold 1,493,013 shares of company stock valued at $21,315,602. 17.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametrica Management Ltd acquired a new position in shares of ANGI Homeservices in the 1st quarter valued at $72,000. UBS Group AG boosted its holdings in shares of ANGI Homeservices by 1,278.2% in the 1st quarter. UBS Group AG now owns 16,538 shares of the technology company’s stock valued at $86,000 after purchasing an additional 15,338 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of ANGI Homeservices by 22.6% in the 1st quarter. Paloma Partners Management Co now owns 26,235 shares of the technology company’s stock valued at $138,000 after purchasing an additional 4,832 shares during the last quarter. Invesco Ltd. purchased a new position in shares of ANGI Homeservices in the 1st quarter valued at $200,000. Finally, Virtu Financial LLC purchased a new position in shares of ANGI Homeservices in the 2nd quarter valued at $228,000. Hedge funds and other institutional investors own 19.95% of the company’s stock.
About ANGI Homeservices
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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