Cowen and Company reaffirmed their market perform rating on shares of Angie’s List Inc. (NASDAQ:ANGI) in a research report released on Tuesday. They currently have a $11.00 price target on the stock, up from their previous price target of $10.00.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Angie’s List from a buy rating to a hold rating in a research report on Monday, August 1st. Pacific Crest reaffirmed a hold rating on shares of Angie’s List in a research report on Thursday, July 28th. TheStreet raised Angie’s List from a sell rating to a hold rating in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. raised Angie’s List from a market perform rating to an outperform rating and set a $12.00 price objective on the stock in a research report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $9.48.
Angie’s List (NASDAQ:ANGI) opened at 9.91 on Tuesday. The stock has a market cap of $582.51 million, a price-to-earnings ratio of 40.12 and a beta of 1.44. The stock’s 50 day moving average price is $9.89 and its 200 day moving average price is $8.47. Angie’s List has a one year low of $5.05 and a one year high of $11.25.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.12. Angie’s List had a negative return on equity of 293.31% and a net margin of 4.42%. The company had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $86.21 million. During the same period last year, the firm posted ($0.14) earnings per share. Angie’s List’s revenue was down 4.9% compared to the same quarter last year. Equities analysts predict that Angie’s List will post $0.07 earnings per share for the current fiscal year.
In other news, insider Bowman Angela R. Hicks sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $10.14, for a total value of $30,420.00. Following the transaction, the insider now owns 759,192 shares of the company’s stock, valued at $7,698,206.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 35.80% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Angie’s List by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 151,366 shares of the company’s stock valued at $986,000 after buying an additional 2,184 shares during the period. Stifel Financial Corp increased its stake in shares of Angie’s List by 0.6% in the second quarter. Stifel Financial Corp now owns 96,195 shares of the company’s stock valued at $626,000 after buying an additional 600 shares during the period. Elk Creek Partners LLC acquired a new stake in shares of Angie’s List during the second quarter valued at about $5,121,000. Highbridge Capital Management LLC acquired a new stake in shares of Angie’s List during the second quarter valued at about $468,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Angie’s List during the second quarter valued at about $258,000. 64.42% of the stock is currently owned by institutional investors.
Angie’s List Company Profile
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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