Angie’s List (ANGI) Hits New 52-Week Low at $10.52
Angie’s List, Inc. (NASDAQ:ANGI) hit a new 52-week low on Wednesday . The stock traded as low as $10.52 and last traded at $10.55, with a volume of 368700 shares trading hands. The stock had previously closed at $10.81.
ANGI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Angie’s List from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Wells Fargo & Company restated a “buy” rating on shares of Angie’s List in a research note on Tuesday, December 5th. CIBC initiated coverage on shares of Angie’s List in a research note on Thursday, October 5th. They issued an “outperform” rating and a $14.00 target price for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $14.00 target price on shares of Angie’s List in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.13.
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 (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) 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. Angie’s List had a negative return on equity of 25.20% and a negative net margin of 17.04%. The company’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) EPS. equities research analysts predict that Angie’s List, Inc. will post -0.23 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BB&T Securities LLC purchased a new position in shares of Angie’s List in the third quarter worth $142,000. Brown Advisory Inc. purchased a new position in shares of Angie’s List in the third quarter worth $147,000. SG Americas Securities LLC purchased a new position in shares of Angie’s List in the third quarter worth $160,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock worth $174,000 after buying an additional 3,264 shares during the last quarter. Finally, Harvest Management LLC purchased a new position in shares of Angie’s List during the second quarter worth $192,000. 68.65% of the stock is owned by institutional investors and hedge funds.
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About Angie’s List
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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