Somewhat Positive Press Coverage Somewhat Unlikely to Impact Angie’s List (ANGI) Stock Price
Headlines about Angie’s List (NASDAQ:ANGI) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Angie’s List earned a news impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.1508516704834 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- CIBC Begins Coverage on Angie’s List, Inc. (ANGI) (americanbankingnews.com)
- Talent Connect 2017: RecruitingLive w/ Angie Verros (recruitingdaily.com)
- ANGI Homeservices, Inc. breached its 50 day moving average in a Bearish Manner : ANGI-US : October 5, 2017 (finance.yahoo.com)
- Angie’s List, Inc. (ANGI) Now Covered by Analysts at Oppenheimer Holdings, Inc. (americanbankingnews.com)
- ANGI Homeservices CEO on Bringing a New Brand to Life (chiefexecutive.net)
A number of brokerages have weighed in on ANGI. CIBC began coverage on Angie’s List in a report on Thursday. They issued an “outperform” rating and a $14.00 target price for the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $14.00 target price on shares of Angie’s List in a report on Thursday. BidaskClub downgraded Angie’s List from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Angie’s List from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Piper Jaffray Companies began coverage on Angie’s List in a report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.61.
Shares of Angie’s List (NASDAQ:ANGI) traded down 0.34% during midday trading on Friday, reaching $11.62. The company’s stock had a trading volume of 108,146 shares. Angie’s List has a 52-week low of $5.22 and a 52-week high of $13.74. The stock’s market cap is $707.40 million. The stock has a 50-day moving average price of $12.14 and a 200-day moving average price of $10.69.
Angie’s List (NASDAQ:ANGI) last announced its earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $73.87 million. During the same period in the prior year, the company posted $0.08 EPS. The firm’s revenue was down 12.3% on a year-over-year basis. Equities research analysts anticipate that Angie’s List will post ($0.07) earnings per share for the current fiscal year.
In other news, COO J Mark Howell sold 38,221 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $11.52, for a total value of $440,305.92. Following the completion of the transaction, the chief operating officer now owns 125,416 shares of the company’s stock, valued at approximately $1,444,792.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 670,413 shares of the company’s stock, valued at approximately $8,018,139.48. The disclosure for this sale can be found here. Insiders sold a total of 831,364 shares of company stock valued at $9,936,056 in the last three months. Corporate insiders own 18.20% 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.
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