Angie’s List, Inc. (NASDAQ:ANGI) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.08.

A number of equities analysts have commented on ANGI shares. BidaskClub downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research cut shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and set a $8.50 price target on shares of Angie’s List in a research note on Friday, July 14th. ValuEngine raised shares of Angie’s List from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies assumed coverage on shares of Angie’s List in a research note on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price objective on the stock.

In other news, insider Bowman Angela R. Hicks sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $11.96, for a total transaction of $3,588,000.00. Following the completion of the sale, the insider now owns 670,413 shares of the company’s stock, valued at $8,018,139.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael S. Maurer sold 6,380 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $12.00, for a total transaction of $76,560.00. Following the sale, the director now directly owns 180,816 shares of the company’s stock, valued at approximately $2,169,792. The disclosure for this sale can be found here. Insiders sold 831,364 shares of company stock valued at $9,936,056 in the last ninety days. 18.20% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in Angie’s List in the first quarter worth $103,000. American International Group Inc. lifted its stake in 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 valued at $140,000 after buying an additional 1,621 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Angie’s List in the first quarter valued at $153,000. Metropolitan Life Insurance Co. NY lifted its stake in 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 valued at $174,000 after buying an additional 3,264 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in 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 valued at $178,000 after buying an additional 1,384 shares during the last quarter. 82.25% of the stock is owned by institutional investors and hedge funds.

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Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $73.87 million. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year.

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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