Angie’s List, Inc. (NASDAQ:ANGI) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 15,908,568 shares, a drop of 1.1% from the November 15th total of 16,087,330 shares. Based on an average daily volume of 414,092 shares, the short-interest ratio is presently 38.4 days. Approximately 31.6% of the shares of the stock are short sold.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in Angie’s List by 15,999.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 110,442 shares of the technology company’s stock worth $1,413,000 after purchasing an additional 109,756 shares during the period. Dimensional Fund Advisors LP raised its position in Angie’s List by 55.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 462,627 shares of the technology company’s stock worth $2,637,000 after purchasing an additional 164,122 shares during the period. Davis Selected Advisers raised its position in Angie’s List by 36.9% in the 2nd quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock worth $57,869,000 after purchasing an additional 1,218,944 shares during the period. TD Asset Management Inc. raised its position in Angie’s List by 15.3% in the 2nd quarter. TD Asset Management Inc. now owns 183,253 shares of the technology company’s stock worth $2,344,000 after purchasing an additional 24,253 shares during the period. Finally, State Street Corp raised its position in Angie’s List by 6.5% in the 2nd quarter. State Street Corp now owns 766,698 shares of the technology company’s stock worth $9,803,000 after purchasing an additional 47,008 shares during the period. Institutional investors own 68.65% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Angie’s List from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. BidaskClub upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Wells Fargo & Company upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Thursday, October 19th. CIBC assumed coverage on shares of Angie’s List in a research report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price objective on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $14.00 price objective on shares of Angie’s List in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.13.

Angie’s List (NASDAQ:ANGI) traded up $0.14 during trading on Monday, hitting $10.75. 509,418 shares of the stock traded hands, compared to its average volume of 667,618. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.57 and a current ratio of 0.57. Angie’s List has a 12-month low of $5.22 and a 12-month high of $13.74.

Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). The company had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $184.47 million. Angie’s List had a negative net margin of 17.04% and a negative return on equity of 25.20%. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) EPS. equities analysts forecast that Angie’s List will post -0.23 earnings per share for the current year.

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Angie’s List Company Profile

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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