Angie’s List Inc. (ANGI) Sees Large Increase in Short Interest
Angie’s List Inc. (NASDAQ:ANGI) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,269,583 shares, an increase of 28.1% from the August 15th total of 2,552,008 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average daily trading volume, of 414,750 shares, the short-interest ratio is currently 7.9 days.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of Angie’s List stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $10.14, for a total transaction of $30,420.00. Following the completion of the transaction, the insider now directly owns 759,192 shares of the company’s stock, valued at $7,698,206.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 35.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake in Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock worth $145,000 after buying an additional 11,300 shares during the last quarter. BlackRock Group LTD raised its stake in Angie’s List by 43.8% in the first quarter. BlackRock Group LTD now owns 18,395 shares of the company’s stock worth $148,000 after buying an additional 5,604 shares during the last quarter. Trexquant Investment LP bought a new stake in Angie’s List during the second quarter worth approximately $174,000. Strs Ohio raised its stake in Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock worth $255,000 after buying an additional 25,900 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Angie’s List during the second quarter worth approximately $258,000. 64.67% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on ANGI shares. Zacks Investment Research raised shares of Angie’s List from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a research report on Thursday, July 28th. Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a research report on Thursday, July 28th. TheStreet raised shares of Angie’s List from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. raised shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Angie’s List currently has a consensus rating of “Hold” and a consensus target price of $9.37.
Angie’s List (NASDAQ:ANGI) opened at 9.95 on Wednesday. The company has a 50-day moving average price of $9.45 and a 200-day moving average price of $8.36. Angie’s List has a 1-year low of $4.91 and a 1-year high of $11.25. The firm has a market cap of $584.86 million, a P/E ratio of 40.28 and a beta of 1.43.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12. The business earned $83.10 million during the quarter, compared to analyst estimates of $86.21 million. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. Angie’s List’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) EPS. On average, equities research analysts forecast that Angie’s List will post $0.11 EPS for the current fiscal year.
Angie’s List Company Profile
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.
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