Angie’s List Inc. (ANGI) Sees Strong Trading Volume
Angie’s List Inc. (NASDAQ:ANGI) saw strong trading volume on Friday . 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.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Angie’s List from a “hold” rating to a “strong-buy” rating and set a $9.75 price target for the company in a research note on Thursday, July 28th. Pacific Crest restated a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, 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 report on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.37.
The stock has a market capitalization of $570.17 million and a P/E ratio of 39.27. The company’s 50 day moving average price is $7.64 and its 200-day moving average price is $8.21.
Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12. The company had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $86.21 million. During the same period last year, the business earned ($0.14) earnings per share. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities research analysts anticipate that Angie’s List Inc. will post $0.07 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Angie’s List stock. Dimensional Fund Advisors LP increased its position in shares of Angie’s List Inc. (NASDAQ:ANGI) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256,706 shares of the company’s stock after buying an additional 3,900 shares during the period. Dimensional Fund Advisors LP owned 0.44% of Angie’s List worth $2,401,000 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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