Angie’s List Inc. (ANGI) Sees Strong Trading Volume
Shares of Angie’s List Inc. (NASDAQ:ANGI) saw unusually-high trading volume on Friday . Approximately 807,655 shares were traded during mid-day trading, an increase of 118% from the previous session’s volume of 370,551 shares.The stock last traded at $9.69 and had previously closed at $8.99.
ANGI has been the subject of a number of analyst reports. Pacific Crest reaffirmed an “equal weight” rating on shares of Angie’s List in a report on Thursday, April 21st. Zacks Investment Research lowered shares of Angie’s List from a “hold” rating to a “strong sell” rating in a research report on Monday, April 25th. TheStreet raised shares of Angie’s List from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. raised shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.37.
The company has a market cap of $570.17 million and a price-to-earnings ratio of 39.27. The company has a 50-day moving average price of $7.55 and a 200 day moving average price of $8.20.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. The business had revenue of $83.10 million for the quarter, compared to analyst estimates of $86.21 million. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Angie’s List Inc. will post $0.07 EPS for the current year.
An institutional investor recently raised its position in Angie’s List stock. Dimensional Fund Advisors LP raised its position in Angie’s List Inc. (NASDAQ:ANGI) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,706 shares of the company’s stock after buying an additional 3,900 shares during the period. Dimensional Fund Advisors LP owned about 0.44% of Angie’s List worth $2,401,000 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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