Angie’s List Inc. (ANGI) Shares Up 2.4%
Angie’s List Inc. (NASDAQ:ANGI) shares shot up 2.4% during trading on Tuesday . The stock traded as high as $6.96 and last traded at $6.92, with a volume of 244,366 shares trading hands. The stock had previously closed at $6.76.
Several brokerages have commented on ANGI. Zacks Investment Research upgraded shares of Angie’s List from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. 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 restated a “hold” rating on shares of Angie’s List in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.14.
The company’s 50 day moving average price is $7.46 and its 200 day moving average price is $8.28. The stock has a market cap of $406.92 million and a price-to-earnings ratio of 247.86.
Angie’s List (NASDAQ:ANGI) last posted its earnings results on Wednesday, April 20th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.12. The business had revenue of $83.90 million for the quarter, compared to analyst estimates of $86.48 million. During the same quarter in the previous year, the company earned $0.07 EPS. Angie’s List’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that Angie’s List Inc. will post $0.11 EPS for the current fiscal year.
In other news, Director Michael S. Maurer bought 12,000 shares of the stock in a transaction on Monday, April 25th. The shares were acquired 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 approximately $1,432,454.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A hedge fund recently bought a new stake in Angie’s List stock. EAM Investors LLC bought a new stake in Angie’s List Inc. (NASDAQ:ANGI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 107,314 shares of the company’s stock, valued at approximately $1,003,000. EAM Investors LLC owned about 0.18% of Angie’s List at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.