BidaskClub Lowers Angie’s List, Inc. (ANGI) to Strong Sell
Angie’s List, Inc. (NASDAQ:ANGI) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.
A number of other research firms also recently weighed in on ANGI. Zacks Investment Research downgraded Angie’s List from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Jefferies Group LLC downgraded Angie’s List from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. ValuEngine raised Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed a “hold” rating and set a $8.50 price target on shares of Angie’s List in a research report on Friday, July 14th. Finally, Loop Capital downgraded 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 assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.54.
Shares of Angie’s List (NASDAQ:ANGI) traded down 3.044% on Thursday, hitting $11.625. 24,878 shares of the company’s stock traded hands. Angie’s List has a 1-year low of $5.22 and a 1-year high of $13.28. The firm’s 50-day moving average price is $12.47 and its 200 day moving average price is $8.99. The company’s market cap is $707.71 million.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results 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 return on equity of 392.52% and a negative net margin of 4.62%. The firm had revenue of $72.80 million for the quarter, compared to analyst estimates of $73.87 million. During the same period last year, the company earned $0.08 EPS. The company’s revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts expect that Angie’s List will post ($0.07) earnings per share for the current year.
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In other news, insider Bowman Angela R. Hicks sold 300,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $11.96, for a total value of $3,588,000.00. Following the completion of the sale, the insider now owns 670,413 shares of the company’s stock, valued at approximately $8,018,139.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael S. Maurer sold 10,992 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $12.00, for a total value of $131,904.00. Following the completion of the sale, the director now directly owns 180,816 shares of the company’s stock, valued at approximately $2,169,792. The disclosure for this sale can be found here. In the last three months, insiders sold 318,178 shares of company stock valued at $3,806,136. 18.20% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Davis Selected Advisers increased its stake in Angie’s List by 36.9% in the second quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock valued at $57,869,000 after buying an additional 1,218,944 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in Angie’s List by 131.5% in the first quarter. Segall Bryant & Hamill LLC now owns 991,090 shares of the technology company’s stock worth $5,649,000 after buying an additional 562,911 shares during the period. Ameriprise Financial Inc. acquired a new stake in Angie’s List during the first quarter worth $1,327,000. Vanguard Group Inc. boosted its stake in Angie’s List by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock worth $24,895,000 after buying an additional 228,084 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Angie’s List by 55.0% in the first quarter. Dimensional Fund Advisors LP now owns 462,627 shares of the technology company’s stock worth $2,637,000 after buying an additional 164,122 shares during the period. 70.29% of the stock is owned by institutional investors.
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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