Analysts Set Angie’s List Inc. (ANGI) Target Price at $9.29
Angie’s List Inc. (NASDAQ:ANGI) has been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.29.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Angie’s List from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, October 4th. Cowen and Company restated a “market perform” rating and set a $11.00 price target (up from $10.00) on shares of Angie’s List in a research report on Tuesday, September 27th. 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 target for the company in a research report on Friday, August 19th. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Pacific Crest restated a “hold” rating on shares of Angie’s List in a research report on Thursday, July 28th.
Shares of Angie’s List (NASDAQ:ANGI) opened at 8.78 on Wednesday. The company has a 50-day moving average price of $9.90 and a 200-day moving average price of $8.55. The firm has a market capitalization of $516.09 million, a P/E ratio of 35.55 and a beta of 1.43. Angie’s List has a 12-month low of $5.23 and a 12-month high of $11.25.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12. Angie’s List had a net margin of 4.42% and a negative return on equity of 293.31%. The business earned $83.10 million during the quarter, compared to analyst estimates of $86.21 million. During the same period in the previous year, the business earned ($0.14) EPS. Angie’s List’s revenue was down 4.9% compared to the same quarter last year. Equities analysts predict that Angie’s List will post $0.07 EPS for the current year.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $10.14, for a total value of $30,420.00. Following the completion of the sale, the insider now directly owns 759,192 shares of the company’s stock, valued at $7,698,206.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 35.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock valued at $145,000 after buying an additional 11,300 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Angie’s List during the second quarter valued at approximately $174,000. Strs Ohio increased its position in shares of Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock valued at $255,000 after buying an additional 25,900 shares during the period. Paloma Partners Management Co purchased a new position in shares of Angie’s List during the second quarter valued at approximately $258,000. Finally, Royce & Associates LP increased its position in shares of Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock valued at $266,000 after buying an additional 7,820 shares during the period. 64.42% of the stock is owned by institutional investors and hedge funds.
Angie’s List Company Profile
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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