Angie’s List Inc. (NASDAQ:ANGI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm presently has a $11.00 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 13.52% from the stock’s current price.
According to Zacks, “Angie’s List Inc. provides information, reports and reviews about service companies. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client. Its members share their experiences with each other so that they can choose the service company that’s right for their job. The Company provides detailed reviews on roofers, plumbers, house cleaners and dentists along with others. Angie’s List, Inc. is headquartered in Indianapolis, Indiana. “
Several other equities research analysts have also issued reports on ANGI. Pacific Crest restated a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Raymond James Financial Inc. upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Friday, August 19th. Finally, Cowen and Company restated a “market perform” rating and issued a $11.00 target price (up previously from $10.00) on shares of Angie’s List in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.62.
Shares of Angie’s List (NASDAQ:ANGI) remained flat at $9.69 on Tuesday. The company had a trading volume of 126,717 shares. The company has a market cap of $569.58 million, a PE ratio of 39.23 and a beta of 1.44. Angie’s List has a 12 month low of $5.23 and a 12 month high of $11.25. The company has a 50-day moving average of $9.92 and a 200 day moving average of $8.49.
Angie’s List (NASDAQ:ANGI) last released its earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. The firm earned $83.10 million during the quarter, compared to analyst estimates of $86.21 million. Angie’s List had a net margin of 4.42% and a negative return on equity of 293.31%. The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) EPS. Analysts forecast that Angie’s List will post $0.07 earnings per share for the current fiscal year.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $10.14, for a total transaction of $30,420.00. Following the transaction, the insider now owns 759,192 shares of the company’s stock, valued at approximately $7,698,206.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 35.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Elk Creek Partners LLC purchased a new position in shares of Angie’s List during the second quarter worth about $2,598,000. OMERS ADMINISTRATION Corp increased its position in shares of Angie’s List by 27.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 661,300 shares of the company’s stock worth $5,337,000 after buying an additional 143,997 shares during the last quarter. Spark Investment Management LLC increased its position in shares of Angie’s List by 587.5% in the second quarter. Spark Investment Management LLC now owns 390,500 shares of the company’s stock worth $2,542,000 after buying an additional 333,700 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Angie’s List by 6.0% in the first quarter. Geode Capital Management LLC now owns 303,513 shares of the company’s stock worth $2,449,000 after buying an additional 17,208 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Angie’s List by 71.1% in the second quarter. State of Wisconsin Investment Board now owns 251,667 shares of the company’s stock worth $1,638,000 after buying an additional 104,615 shares during the last quarter. 64.42% of the stock is currently owned by hedge funds and other institutional investors.
About Angie’s List
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.