Angie’s List, Inc. (ANGI) Earns Overweight Rating from Analysts at Piper Jaffray Companies
Piper Jaffray Companies initiated coverage on shares of Angie’s List, Inc. (NASDAQ:ANGI) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the technology company’s stock.
Several other equities analysts have also issued reports on ANGI. Zacks Investment Research raised Angie’s List from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research note on Tuesday, April 18th. Loop Capital downgraded Angie’s List from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Jefferies Group LLC downgraded Angie’s List from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. ValuEngine upgraded Angie’s List from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Cowen and Company reiterated a “hold” rating and set a $8.50 price target on shares of Angie’s List in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.54.
Angie’s List (ANGI) opened at 11.50 on Wednesday. Angie’s List has a 52-week low of $5.22 and a 52-week high of $13.28. The firm’s 50-day moving average is $12.37 and its 200-day moving average is $9.13. The firm’s market capitalization is $700.10 million.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.10. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $73.87 million. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. Angie’s List’s revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts expect that Angie’s List will post ($0.07) earnings per share for the current year.
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In other Angie’s List news, Director Michael S. Maurer sold 10,992 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $12.00, for a total value of $131,904.00. Following the completion of the transaction, the director now owns 180,816 shares in the company, valued at approximately $2,169,792. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael S. Maurer sold 6,380 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $12.00, for a total value of $76,560.00. Following the completion of the transaction, the director now owns 180,816 shares of the company’s stock, valued at approximately $2,169,792. The disclosure for this sale can be found here. Insiders sold a total of 318,178 shares of company stock valued at $3,806,136 in the last 90 days. Corporate insiders own 18.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stoneridge Investment Partners LLC acquired a new position in shares of Angie’s List during the first quarter worth about $243,000. Ameriprise Financial Inc. acquired a new position in shares of Angie’s List during the first quarter worth about $1,327,000. Dimensional Fund Advisors LP increased its position in shares of Angie’s List by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 298,505 shares of the technology company’s stock worth $2,457,000 after buying an additional 42,476 shares during the period. Teton Advisors Inc. acquired a new position in shares of Angie’s List during the first quarter worth about $517,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Angie’s List during the first quarter worth about $269,000. Hedge funds and other institutional investors own 70.37% of the company’s stock.
About Angie’s List
Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.
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