Shares of Angie’s List Inc. (NASDAQ:ANGI) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the firm. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.29.
A number of brokerages have weighed in on ANGI. Cowen and Company reissued a “market perform” rating and set a $11.00 price target (up previously from $10.00) on shares of Angie’s List in a research report on Tuesday, September 27th. Zacks Investment Research raised Angie’s List from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, October 4th. Raymond James Financial Inc. raised Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Friday, August 19th. Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a research report on Thursday, July 28th. Finally, TheStreet raised Angie’s List from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $10.14, for a total transaction of $30,420.00. Following the completion of the sale, the insider now directly owns 759,192 shares in the company, valued at $7,698,206.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 35.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ANGI. Schwab Charles Investment Management Inc. boosted its stake in Angie’s List by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 151,366 shares of the company’s stock valued at $986,000 after buying an additional 2,184 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Angie’s List by 0.6% in the second quarter. Stifel Financial Corp now owns 96,195 shares of the company’s stock worth $626,000 after buying an additional 600 shares during the last quarter. Elk Creek Partners LLC purchased a new position in shares of Angie’s List during the second quarter worth approximately $5,121,000. Highbridge Capital Management LLC purchased a new position in shares of Angie’s List during the second quarter worth approximately $468,000. Finally, Paloma Partners Management Co purchased a new position in shares of Angie’s List during the second quarter worth approximately $258,000. Hedge funds and other institutional investors own 64.45% of the company’s stock.
Angie’s List (NASDAQ:ANGI) opened at 8.78 on Wednesday. The company has a market cap of $516.09 million, a P/E ratio of 35.55 and a beta of 1.44. The company’s 50 day moving average price is $9.90 and its 200 day moving average price is $8.55. Angie’s List has a 52-week low of $5.23 and a 52-week high of $11.25.
Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. The firm had revenue of $83.10 million for the quarter, compared to the consensus estimate of $86.21 million. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Equities research analysts anticipate that Angie’s List will post $0.07 EPS for the current fiscal year.
Angie’s List Company Profile
Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.
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