Angie’s List, Inc. (NASDAQ:ANGI)‘s stock had its “hold” rating reissued by investment analysts at Cowen and Company in a research note issued on Friday. They presently have a $8.50 price objective on the technology company’s stock. Cowen and Company’s target price suggests a potential downside of 31.89% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Angie’s List from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded Angie’s List from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC downgraded Angie’s List from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Loop Capital downgraded Angie’s List from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.54.

Angie’s List (NASDAQ ANGI) opened at 12.48 on Friday. Angie’s List has a 52 week low of $5.22 and a 52 week high of $13.13. The firm has a 50-day moving average of $11.94 and a 200 day moving average of $8.15. The stock’s market capitalization is $747.13 million.

Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.08. Angie’s List had a negative return on equity of 41.36% and a negative net margin of 0.35%. The company had revenue of $73.13 million for the quarter, compared to the consensus estimate of $74.48 million. On average, analysts anticipate that Angie’s List will post ($0.02) EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in shares of Angie’s List during the first quarter worth approximately $103,000. American International Group Inc. increased its position in shares of Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock worth $140,000 after buying an additional 1,621 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Angie’s List during the first quarter worth approximately $153,000. Metropolitan Life Insurance Co. NY increased its position in shares of Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock worth $174,000 after buying an additional 3,264 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Angie’s List by 4.6% in the first quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock worth $178,000 after buying an additional 1,384 shares during the last quarter. Hedge funds and other institutional investors own 69.51% of the company’s stock.

Angie’s List Company Profile

Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.

Analyst Recommendations for Angie`s List (NASDAQ:ANGI)

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