Angie’s List Inc. (ANGI) Lifted to “Hold” at TheStreet

Posted by on Jul 31st, 2016

Angie’s List Inc. (NASDAQ:ANGI) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Angie’s List (NASDAQ:ANGI) traded down 0.12% on Wednesday, reaching $8.49. The company had a trading volume of 371,447 shares. The stock has a market capitalization of $497.80 million and a price-to-earnings ratio of 303.21. Angie’s List has a 12 month low of $4.25 and a 12 month high of $11.25. The firm has a 50 day moving average price of $7.19 and a 200-day moving average price of $8.21.

Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.12. During the same period in the prior year, the business earned ($0.14) earnings per share. The business had revenue of $83.10 million for the quarter, compared to analyst estimates of $86.21 million. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts forecast that Angie’s List will post $0.11 earnings per share for the current fiscal year.

A number of other research firms have also recently weighed in on ANGI. Zacks Investment Research raised Angie’s List from a “hold” rating to a “strong-buy” rating and set a $9.75 price target for the company in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Angie’s List in a report on Wednesday, April 20th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a report on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $8.48.

Other hedge funds have modified their holdings of the company. BlackRock Group LTD increased its stake in shares of Angie’s List by 43.8% in the first quarter. BlackRock Group LTD now owns 18,395 shares of the company’s stock valued at $148,000 after buying an additional 5,604 shares during the last quarter. Royce & Associates LP increased its stake in shares of Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock valued at $266,000 after buying an additional 7,820 shares during the last quarter. Strs Ohio increased its stake in shares of Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock valued at $255,000 after buying an additional 25,900 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Angie’s List by 1.3% in the first quarter. Royal Bank of Canada now owns 48,966 shares of the company’s stock valued at $395,000 after buying an additional 624 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Angie’s List during the second quarter valued at approximately $449,000.

Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.