Angie’s List Inc. (ANGI) Shares Up 5.7%
Shares of Angie’s List Inc. (NASDAQ:ANGI) shot up 5.7% during mid-day trading on Wednesday . The company traded as high as $7.29 and last traded at $7.00, with a volume of 428,035 shares changing hands. The stock had previously closed at $6.62.
A number of brokerages have issued reports on ANGI. Zacks Investment Research lowered Angie’s List from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Pacific Crest reissued an “equal weight” rating on shares of Angie’s List in a research report on Thursday, April 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Angie’s List in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Angie’s List has an average rating of “Hold” and an average price target of $8.14.
The company has a 50-day moving average price of $7.70 and a 200 day moving average price of $8.37. The stock has a market capitalization of $409.85 million and a PE ratio of 249.64.
Angie’s List (NASDAQ:ANGI) last announced its earnings results on Wednesday, April 20th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.12. During the same quarter in the prior year, the business posted $0.07 EPS. The company had revenue of $83.90 million for the quarter, compared to analysts’ expectations of $86.48 million. The business’s revenue was up .5% compared to the same quarter last year. Analysts expect that Angie’s List Inc. will post $0.09 EPS 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 shares were bought at an average price of $8.27 per share, for a total transaction of $99,240.00. Following the acquisition, the director now directly owns 173,211 shares in the company, valued at $1,432,454.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently bought a new stake in Angie’s List stock. EAM Investors LLC bought a new position in shares of 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 reporting period.
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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