ANGI Homeservices (NASDAQ:ANGI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, June 11th.
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 research firms also recently issued reports on ANGI. BidaskClub upgraded ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 7th. Deutsche Bank assumed coverage on ANGI Homeservices in a research note on Wednesday, May 30th. They issued a “buy” rating and a $18.00 target price on the stock. ValuEngine raised ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Deutsche Bank started coverage on ANGI Homeservices in a research report on Wednesday, May 30th. They set a “buy” rating on the stock. Finally, UBS Group started coverage on ANGI Homeservices in a research report on Thursday, March 15th. They set a “buy” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. ANGI Homeservices presently has a consensus rating of “Buy” and an average target price of $14.54.
ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Wednesday, May 9th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $255.30 million during the quarter, compared to the consensus estimate of $254.55 million. ANGI Homeservices had a negative return on equity of 17.42% and a negative net margin of 20.05%. The firm’s revenue for the quarter was up 69.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 earnings per share. sell-side analysts anticipate that ANGI Homeservices will post 0.09 EPS for the current fiscal year.
In other news, major shareholder Luxor Capital Group, Lp purchased 412,032 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was acquired at an average price of $14.39 per share, for a total transaction of $5,929,140.48. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $13.28, for a total value of $349,277.28. The disclosure for this sale can be found here. In the last three months, insiders have purchased 2,463,909 shares of company stock worth $33,674,269 and have sold 78,903 shares worth $1,091,492. 20.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. SG Americas Securities LLC grew its holdings in ANGI Homeservices by 44.0% during the 4th quarter. SG Americas Securities LLC now owns 18,515 shares of the technology company’s stock valued at $194,000 after buying an additional 5,654 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in ANGI Homeservices during the 4th quarter valued at approximately $134,000. D.A. Davidson & CO. purchased a new position in ANGI Homeservices during the 4th quarter valued at approximately $119,000. BlackRock Inc. grew its holdings in ANGI Homeservices by 48,275.2% during the 4th quarter. BlackRock Inc. now owns 972,341 shares of the technology company’s stock valued at $10,170,000 after buying an additional 970,331 shares in the last quarter. Finally, Cardinal Capital Management LLC CT grew its holdings in ANGI Homeservices by 52.8% during the 4th quarter. Cardinal Capital Management LLC CT now owns 461,969 shares of the technology company’s stock valued at $4,832,000 after buying an additional 159,683 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
ANGI Homeservices Company Profile
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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