Angie’s List Inc. (ANGI) Shares Down 1.8%
Angie’s List Inc. (NASDAQ:ANGI)’s share price fell 1.8% during mid-day trading on Monday . The stock traded as low as $6.66 and last traded at $6.68, with a volume of 55,637 shares traded. The stock had previously closed at $6.80.
Several research firms have recently issued reports on ANGI. Pacific Crest reaffirmed an “equal weight” rating on shares of Angie’s List in a research report on Thursday, April 21st. Needham & Company LLC reissued a “hold” rating on shares of Angie’s List in a research report on Wednesday, April 20th. Finally, Zacks Investment Research raised Angie’s List from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.14.
The firm has a market capitalization of $396.37 million and a PE ratio of 241.43. The company’s 50 day moving average is $7.53 and its 200-day moving average is $8.33.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, April 20th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. During the same quarter last year, the firm earned $0.07 earnings per share. The firm earned $83.90 million during the quarter, compared to analyst estimates of $86.48 million. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that Angie’s List Inc. will post $0.09 earnings per share for the current fiscal year.
In related news, Director Michael S. Maurer acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The shares were bought at an average price of $8.27 per share, with a total value of $99,240.00. Following the completion of the transaction, 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 can be accessed through the SEC website.
An institutional investor recently raised its position in Angie’s List stock. Dimensional Fund Advisors LP raised its stake in Angie’s List Inc. (NASDAQ:ANGI) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 0.44% of Angie’s List worth $2,401,000 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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