Angie’s List Inc. (ANGI) Trading Up 5.7%
Angie’s List Inc. (NASDAQ:ANGI) shares were up 5.7% on Wednesday . The company traded as high as $7.29 and last traded at $7.00, with a volume of 428,035 shares changing hands. The stock had previously closed at $6.62.
A number of research analysts recently weighed in on ANGI shares. Zacks Investment Research downgraded shares of Angie’s List from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Pacific Crest restated an “equal weight” rating on shares of Angie’s List in a research report on Thursday, April 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Angie’s List in a report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.14.
The firm has a 50-day moving average price of $7.59 and a 200 day moving average price of $8.35. The company has a market capitalization of $402.82 million and a PE ratio of 245.36.
Angie’s List (NASDAQ:ANGI) last released its earnings results on Wednesday, April 20th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. The company had revenue of $83.90 million for the quarter, compared to the consensus estimate of $86.48 million. During the same period in the previous year, the business earned $0.07 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Angie’s List Inc. will post $0.09 EPS for the current year.
In related news, Director Michael S. Maurer bought 12,000 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was bought at an average cost of $8.27 per share, for a total transaction of $99,240.00. Following the purchase, the director now directly owns 173,211 shares of the company’s stock, valued at $1,432,454.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently bought a new stake in Angie’s List stock. EAM Investors LLC acquired a new stake in shares of Angie’s List Inc. (NASDAQ:ANGI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 107,314 shares of the company’s stock, valued at approximately $1,003,000. EAM Investors LLC owned 0.18% of Angie’s List as of its most recent filing with the SEC.
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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