Shares of Angie’s List, Inc. (NASDAQ:ANGI) fell 6% during trading on Wednesday . The company traded as low as $11.70 and last traded at $11.81. 1,358,640 shares traded hands during trading, an increase of 208% from the average session volume of 441,258 shares. The stock had previously closed at $12.57.

A number of brokerages have recently commented on ANGI. CIBC began coverage on shares of Angie’s List in a report on Thursday. They set an “outperform” rating and a $14.00 target price on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $14.00 target price on shares of Angie’s List in a report on Thursday. Zacks Investment Research cut 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 report on Friday, August 25th. Finally, Piper Jaffray Companies began coverage on shares of Angie’s List in a report on Wednesday, August 16th. They set an “overweight” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $11.61.

The stock has a 50-day moving average price of $12.14 and a 200 day moving average price of $10.69. The stock’s market cap is $709.84 million.

Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $73.87 million. During the same period in the previous year, the business earned $0.08 EPS. Angie’s List’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, equities analysts expect that Angie’s List, Inc. will post ($0.07) earnings per share for the current year.

In related news, insider Bowman Angela R. Hicks sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $11.96, for a total transaction of $3,588,000.00. Following the sale, the insider now owns 670,413 shares of the company’s stock, valued at $8,018,139.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael S. Maurer sold 6,380 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $12.00, for a total value of $76,560.00. Following the sale, the director now directly owns 180,816 shares in the company, valued at approximately $2,169,792. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 831,364 shares of company stock worth $9,936,056. 18.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Davis Selected Advisers boosted its position in Angie’s List by 36.9% during the second quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock valued at $57,869,000 after purchasing an additional 1,218,944 shares in the last quarter. Vanguard Group Inc. boosted its position in Angie’s List by 5.5% during the first quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock valued at $24,895,000 after purchasing an additional 228,084 shares in the last quarter. Capital Research Global Investors bought a new stake in Angie’s List during the second quarter valued at about $37,217,000. State Street Corp boosted its position in Angie’s List by 6.5% during the second quarter. State Street Corp now owns 766,698 shares of the technology company’s stock valued at $9,803,000 after purchasing an additional 47,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Angie’s List by 31.3% during the second quarter. Dimensional Fund Advisors LP now owns 607,595 shares of the technology company’s stock valued at $7,771,000 after purchasing an additional 144,968 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors.

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Angie’s List Company Profile

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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