Vajra Fund III, LLC disclosed that they own a 9.1% stake in Angie’s List Inc. (NASDAQ:ANGI) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, October 14th. The investor owns 5,322,563 shares of the stock worth approximately $47,370,811. The reporting parties listed on the disclosure included Vajra Fund III, LLC, Vajra Asset Management, LLC and Michael Brodsky. The filing is available through the SEC website at this link.
Several other hedge funds also recently made changes to their positions in the company. Kennedy Capital Management Inc. bought a new stake in shares of Angie’s List during the first quarter valued at approximately $565,000. Royce & Associates LP increased its stake in shares of Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock valued at $266,000 after buying an additional 7,820 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Angie’s List by 1.3% in the first quarter. Royal Bank of Canada now owns 48,966 shares of the company’s stock valued at $395,000 after buying an additional 624 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Angie’s List during the second quarter valued at approximately $449,000. Finally, GSA Capital Partners LLP increased its stake in shares of Angie’s List by 166.6% in the second quarter. GSA Capital Partners LLP now owns 140,532 shares of the company’s stock valued at $915,000 after buying an additional 87,820 shares during the last quarter. 64.42% of the stock is owned by institutional investors and hedge funds.
Shares of Angie’s List Inc. (NASDAQ:ANGI) traded down 0.11% during midday trading on Friday, hitting $8.89. 21,425 shares of the company traded hands. The stock has a market capitalization of $522.55 million, a PE ratio of 35.99 and a beta of 1.43. The stock has a 50 day moving average of $9.93 and a 200-day moving average of $8.55. Angie’s List Inc. has a 52 week low of $5.23 and a 52 week high of $11.25.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.12. The business earned $83.10 million during 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 quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. Equities analysts forecast that Angie’s List Inc. will post $0.07 earnings per share for the current fiscal year.
Several analysts recently commented on ANGI shares. Zacks Investment Research raised shares of Angie’s List from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a report on Tuesday, October 4th. Raymond James Financial Inc. upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Friday, August 19th. Cowen and Company reiterated a “market perform” rating and issued a $11.00 price objective (up previously from $10.00) on shares of Angie’s List in a research note on Tuesday, September 27th. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Pacific Crest reiterated a “hold” rating on shares of Angie’s List in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.62.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the business’s stock in a transaction dated 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 approximately $7,698,206.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 35.80% of the company’s stock.
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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