Angie’s List, Inc. (ANGI) Lowered to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Angie’s List, Inc. (NASDAQ:ANGI) from a buy rating to a hold rating in a research note published on Friday morning.
According to Zacks, “Angie’s List Inc. provides information, reports and reviews about service companies. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client. Its members share their experiences with each other so that they can choose the service company that’s right for their job. The Company provides detailed reviews on roofers, plumbers, house cleaners and dentists along with others. Angie’s List, Inc. is headquartered in Indianapolis, Indiana. “
A number of other brokerages have also commented on ANGI. BidaskClub lowered Angie’s List from a hold rating to a sell rating in a research report on Friday. Cowen and Company reiterated a hold rating and issued a $8.50 price objective on shares of Angie’s List in a research report on Friday, July 14th. ValuEngine upgraded Angie’s List from a sell rating to a hold rating in a research report on Friday, June 2nd. Jefferies Group LLC lowered Angie’s List from a buy rating to a hold rating in a research report on Wednesday, May 3rd. Finally, Loop Capital lowered Angie’s List from a buy rating to a hold rating in a research report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $10.54.
Shares of Angie’s List (ANGI) opened at 11.98 on Friday. The stock has a 50 day moving average price of $12.46 and a 200-day moving average price of $8.78. The company’s market cap is $729.32 million. Angie’s List has a 1-year low of $5.22 and a 1-year high of $13.13.
Angie’s List (NASDAQ:ANGI) last announced 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 firm had revenue of $72.80 million during the quarter, compared to the consensus estimate of $73.87 million. Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 earnings per share. Analysts predict that Angie’s List will post ($0.05) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of ANGI. Citadel Advisors LLC bought a new position in Angie’s List during the first quarter worth $103,000. American International Group Inc. increased its position in Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock worth $140,000 after buying an additional 1,621 shares during the period. JPMorgan Chase & Co. bought a new position in Angie’s List during the first quarter worth $153,000. Metropolitan Life Insurance Co. NY increased its position in 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 period. Finally, Global X Management Co. LLC increased its position in Angie’s List by 4.6% in the first quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock worth $178,000 after buying an additional 1,384 shares during the period. 71.59% of the stock is currently owned by institutional investors.
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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