BidaskClub upgraded shares of Angie’s List, Inc. (NASDAQ:ANGI) from a sell rating to a hold rating in a report released on Friday.

ANGI has been the subject of a number of other reports. Piper Jaffray Companies initiated coverage on shares of Angie’s List in a research report on Wednesday, August 16th. They set an overweight rating and a $14.00 price target for the company. Zacks Investment Research lowered shares of Angie’s List from a buy rating to a hold rating in a research report on Friday, July 28th. Cowen and Company reaffirmed a hold rating and set a $8.50 price objective on shares of Angie’s List in a research note on Friday, July 14th. ValuEngine raised shares of Angie’s List from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC cut shares of Angie’s List from a buy rating to a hold rating in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $10.65.

Shares of Angie’s List (ANGI) opened at 11.87 on Friday. Angie’s List has a 1-year low of $5.22 and a 1-year high of $13.28. The firm’s market cap is $722.62 million. The company’s 50 day moving average price is $12.24 and its 200-day moving average price is $9.41.

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 Thomson Reuters’ consensus estimate of ($0.03) by $0.10. The company had revenue of $72.80 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Equities analysts expect that Angie’s List will post ($0.07) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/angies-list-inc-angi-upgraded-at-bidaskclub/1528783.html.

In other Angie’s List news, Director Michael S. Maurer sold 98,578 shares of Angie’s List stock in a transaction on Friday, August 25th. The shares were sold at an average price of $12.20, for a total transaction of $1,202,651.60. Following the sale, the director now owns 62,563 shares of the company’s stock, valued at approximately $763,268.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shannon Shaw sold 87,745 shares of Angie’s List stock in a transaction on Friday, August 18th. The stock was sold at an average price of $12.00, for a total transaction of $1,052,940.00. Following the sale, the insider now directly owns 28,668 shares in the company, valued at approximately $344,016. The disclosure for this sale can be found here. Insiders sold a total of 831,364 shares of company stock worth $9,936,056 in the last three months. 18.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. raised its stake in shares of 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 valued at $140,000 after buying an additional 1,621 shares during the period. Stifel Financial Corp raised its stake in shares of Angie’s List by 3.4% in the first quarter. Stifel Financial Corp now owns 84,745 shares of the technology company’s stock valued at $483,000 after buying an additional 2,800 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Angie’s List during the first quarter valued at about $153,000. Alambic Investment Management L.P. bought a new stake in shares of Angie’s List during the first quarter valued at about $247,000. Finally, Trexquant Investment LP bought a new stake in shares of Angie’s List during the first quarter valued at about $773,000. Institutional investors and hedge funds own 82.82% 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.

Analyst Recommendations for Angie`s List (NASDAQ:ANGI)

Receive News & Ratings for Angie's List Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angie's List Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.