Zacks Investment Research Upgrades Angie’s List, Inc. (NASDAQ:ANGI) to “Buy”

Zacks Investment Research upgraded shares of Angie’s List, Inc. (NASDAQ:ANGI) from a hold rating to a buy rating in a research note published on Wednesday, November 1st. Zacks Investment Research currently has $14.00 price target on the technology company’s stock.

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. “

Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Angie’s List from a sell rating to a strong sell rating in a research note on Thursday, August 10th. Wells Fargo & Company raised shares of Angie’s List from a market perform rating to an outperform rating and set a $14.00 price objective for the company in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) began coverage on shares of Angie’s List in a research note on Wednesday, October 11th. They set a buy rating and a $14.00 price objective for the company. Piper Jaffray Companies began coverage on shares of Angie’s List in a research note on Wednesday, August 16th. They set an overweight rating and a $14.00 price objective for the company. Finally, Cowen and Company reaffirmed a hold rating and issued a $8.50 target price on shares of Angie’s List in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Angie’s List has a consensus rating of Hold and a consensus price target of $12.14.

Shares of Angie’s List (NASDAQ ANGI) traded up $0.04 during trading hours on Wednesday, reaching $11.90. 257,501 shares of the company were exchanged, compared to its average volume of 679,645. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.57 and a quick ratio of 0.57. Angie’s List has a 1 year low of $5.22 and a 1 year high of $13.74.

Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). Angie’s List had a negative net margin of 17.04% and a negative return on equity of 25.20%. The firm had revenue of $181.70 million during the quarter, compared to analyst estimates of $184.47 million. During the same quarter in the previous year, the business earned ($0.28) EPS. Angie’s List’s revenue for the quarter was up 36.0% on a year-over-year basis. sell-side analysts anticipate that Angie’s List will post -0.23 earnings per share for the current fiscal year.

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In other Angie’s List news, Director Michael S. Maurer sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $12.27, for a total value of $613,500.00. Following the transaction, the director now owns 62,563 shares in the company, valued at approximately $767,648.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael S. Maurer sold 16,500 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $12.28, for a total transaction of $202,620.00. Following the completion of the sale, the director now directly owns 62,563 shares of the company’s stock, valued at approximately $768,273.64. The disclosure for this sale can be found here. Insiders have sold a total of 228,719 shares of company stock worth $2,789,464 in the last 90 days. Company insiders own 18.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Angie’s List by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,598 shares of the technology company’s stock worth $416,000 after purchasing an additional 216 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Angie’s List by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 760 shares during the last quarter. Rhumbline Advisers increased its position in shares of Angie’s List by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 46,347 shares of the technology company’s stock worth $593,000 after purchasing an additional 966 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Angie’s List by 1.0% in the 2nd quarter. Teachers Advisors LLC now owns 113,913 shares of the technology company’s stock worth $1,457,000 after purchasing an additional 1,182 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Angie’s List by 7.1% in the 1st quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,621 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

Angie’s List Company Profile

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

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Analyst Recommendations for Angie`s List (NASDAQ:ANGI)

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