Angie’s List Inc. (ANGI) Trading Down 1.8%
Angie’s List Inc. (NASDAQ:ANGI) shares dropped 1.8% during trading on Monday . The stock traded as low as $6.66 and last traded at $6.68, with a volume of 55,637 shares. The stock had previously closed at $6.80.
ANGI has been the topic of several analyst reports. Pacific Crest reiterated an “equal weight” rating on shares of Angie’s List in a report on Thursday, April 21st. Needham & Company LLC reissued a “hold” rating on shares of Angie’s List in a research note on Wednesday, April 20th. Finally, Zacks Investment Research raised Angie’s List from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.14.
The firm’s 50 day moving average is $7.46 and its 200-day moving average 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 announced its earnings results on Wednesday, April 20th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.12. During the same period last year, the business posted $0.07 EPS. The business had revenue of $83.90 million for the quarter, compared to the consensus estimate of $86.48 million. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Angie’s List Inc. will post $0.11 earnings per share for the current year.
In related news, Director Michael S. Maurer purchased 12,000 shares of the firm’s stock in a transaction on Monday, April 25th. The stock was acquired at an average price of $8.27 per share, with a total value of $99,240.00. Following the completion of the acquisition, the director now owns 173,211 shares in the company, valued at approximately $1,432,454.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
An institutional investor recently bought a new position in Angie’s List stock. EAM Investors LLC purchased a new position 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 purchased 107,314 shares of the company’s stock, valued at approximately $1,003,000. EAM Investors LLC owned approximately 0.18% of Angie’s List as of its most recent SEC filing.
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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