ANGI Homeservices Inc (NASDAQ:ANGI) Receives $16.46 Average Target Price from Brokerages

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Shares of ANGI Homeservices Inc (NASDAQ:ANGI) have received a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.32.

A number of equities research analysts recently weighed in on ANGI shares. Wedbush lowered shares of ANGI Homeservices from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $10.00 in a report on Friday, August 9th. Nomura dropped their price target on shares of ANGI Homeservices from $17.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC decreased their price objective on shares of ANGI Homeservices from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Zacks Investment Research raised shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Citigroup assumed coverage on ANGI Homeservices in a research note on Tuesday, September 17th. They set a “neutral” rating and a $9.50 target price for the company.

In related news, Director Bowman Angela R. Hicks sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $8.00, for a total value of $40,000.00. Following the completion of the sale, the director now directly owns 439,081 shares of the company’s stock, valued at $3,512,648. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Luxor Capital Group, Lp sold 294,361 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $6.65, for a total value of $1,957,500.65. Insiders have sold a total of 1,587,858 shares of company stock worth $10,739,585 over the last quarter. 13.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of ANGI. Primecap Management Co. CA acquired a new stake in shares of ANGI Homeservices during the 2nd quarter valued at approximately $7,559,000. First Manhattan Co. raised its holdings in shares of ANGI Homeservices by 468.0% during the second quarter. First Manhattan Co. now owns 48,705 shares of the technology company’s stock worth $633,000 after purchasing an additional 40,130 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of ANGI Homeservices during the second quarter worth $4,562,000. Cubist Systematic Strategies LLC bought a new position in shares of ANGI Homeservices in the 2nd quarter worth about $427,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of ANGI Homeservices in the 2nd quarter valued at about $86,000. Institutional investors own 15.23% of the company’s stock.

NASDAQ ANGI traded up $0.05 on Friday, reaching $7.62. The company had a trading volume of 1,160,888 shares, compared to its average volume of 2,045,914. The firm has a market capitalization of $3.90 billion, a PE ratio of 50.80 and a beta of 2.15. ANGI Homeservices has a 1 year low of $6.39 and a 1 year high of $18.62. The firm has a 50-day moving average of $7.25 and a 200-day moving average of $10.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 2.20.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. ANGI Homeservices had a net margin of 5.58% and a return on equity of 5.37%. The company had revenue of $357.40 million for the quarter, compared to analyst estimates of $355.59 million. During the same quarter last year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts expect that ANGI Homeservices will post 0.07 EPS for the current fiscal 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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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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