Angie’s List Inc. (ANGI) Shares Down 4.8%
Shares of Angie’s List Inc. (NASDAQ:ANGI) were down 4.8% during mid-day trading on Friday . The company traded as low as $7.99 and last traded at $8.08, with a volume of 432,454 shares. The stock had previously closed at $8.49.
A number of analysts have recently issued reports on ANGI shares. Needham & Company LLC reiterated a “hold” rating on shares of Angie’s List in a report on Wednesday, April 20th. Pacific Crest reiterated an “equal weight” rating on shares of Angie’s List in a report on Thursday, April 21st. Zacks Investment Research cut Angie’s List from a “hold” rating to a “strong sell” rating in a report on Monday, April 25th. Finally, TheStreet upgraded Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Angie’s List currently has an average rating of “Hold” and an average price target of $9.04.
The firm has a 50-day moving average price of $7.16 and a 200-day moving average price of $8.20. The company has a market capitalization of $474.96 million and a PE ratio of 32.75.
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, topping the consensus estimate of ($0.04) by $0.12. During the same period in the prior year, the company posted ($0.14) earnings per share. The business earned $83.10 million during the quarter, compared to analysts’ expectations of $86.21 million. The firm’s revenue was down 4.9% on a year-over-year basis. On average, equities analysts forecast that Angie’s List Inc. will post $0.09 earnings per share for the current year.
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 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 approximately 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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