ANGI Homeservices (NASDAQ:ANGI) Upgraded by BidaskClub to Hold

ANGI Homeservices (NASDAQ:ANGI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday, January 5th.

Several other equities analysts have also recently commented on ANGI. Zacks Investment Research cut ANGI Homeservices from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Oppenheimer reiterated an “outperform” rating and set a $14.00 target price on shares of ANGI Homeservices in a research note on Thursday, October 5th. CIBC started coverage on ANGI Homeservices in a research note on Thursday, October 5th. They set an “outperform” rating and a $14.00 target price for the company. Goldman Sachs Group started coverage on ANGI Homeservices in a research note on Wednesday, October 11th. They set a “buy” rating and a $14.00 target price for the company. Finally, Wells Fargo & Co upgraded ANGI Homeservices from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.39.

ANGI Homeservices (NASDAQ ANGI) traded down $0.11 during midday trading on Friday, reaching $13.54. The company’s stock had a trading volume of 313,183 shares, compared to its average volume of 660,083. The stock has a market cap of $855.26, a PE ratio of -112.82, a PEG ratio of 5.12 and a beta of 1.32. ANGI Homeservices has a 52-week low of $5.22 and a 52-week high of $13.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.57 and a current ratio of 0.57.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The company had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $184.47 million. ANGI Homeservices had a negative return on equity of 25.20% and a negative net margin of 17.04%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.28) EPS. equities analysts anticipate that ANGI Homeservices will post -0.19 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BB&T Securities LLC bought a new position in ANGI Homeservices during the third quarter worth $142,000. Brown Advisory Inc. bought a new position in ANGI Homeservices during the third quarter worth $147,000. SG Americas Securities LLC bought a new position in ANGI Homeservices during the third quarter worth $160,000. Harvest Management LLC bought a new position in ANGI Homeservices during the second quarter worth $192,000. Finally, Marshall Wace North America L.P. bought a new position in ANGI Homeservices during the second quarter worth $237,000. Hedge funds and other institutional investors own 68.23% of the company’s stock.

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About ANGI Homeservices

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.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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