Zacks Investment Research upgraded shares of Angie’s List Inc. (NASDAQ:ANGI) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $11.00 target price on the stock.
According to Zacks, “Angie’s List Inc. provides information, reports and reviews about service companies. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client. Its members share their experiences with each other so that they can choose the service company that’s right for their job. The Company provides detailed reviews on roofers, plumbers, house cleaners and dentists along with others. Angie’s List, Inc. is headquartered in Indianapolis, Indiana. “
Several other brokerages also recently issued reports on ANGI. Cowen and Company reissued a market perform rating and set a $11.00 price target (up previously from $10.00) on shares of Angie’s List in a report on Tuesday, September 27th. Raymond James Financial Inc. raised shares of Angie’s List from a market perform rating to an outperform rating and set a $12.00 price target for the company in a report on Friday, August 19th. Pacific Crest reissued a hold rating on shares of Angie’s List in a report on Thursday, July 28th. Finally, TheStreet raised shares of Angie’s List from a sell rating to a hold rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $9.62.
Angie’s List (NASDAQ:ANGI) opened at 9.15 on Tuesday. Angie’s List has a 12-month low of $5.23 and a 12-month high of $11.25. The stock has a market capitalization of $537.84 million, a P/E ratio of 37.04 and a beta of 1.44. The firm’s 50-day moving average is $10.03 and its 200 day moving average is $8.52.
Angie’s List (NASDAQ:ANGI) last released its earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.12. Angie’s List had a net margin of 4.42% and a negative return on equity of 293.31%. The firm earned $83.10 million during the quarter, compared to analyst estimates of $86.21 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts anticipate that Angie’s List will post $0.07 earnings per share for the current year.
In other Angie’s List news, insider Bowman Angela R. Hicks sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $10.14, for a total value of $30,420.00. Following the completion of the sale, the insider now directly owns 759,192 shares of the company’s stock, valued at approximately $7,698,206.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 35.80% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Landscape Capital Management L.L.C. increased its stake in shares of Angie’s List by 930.7% in the first quarter. Landscape Capital Management L.L.C. now owns 175,634 shares of the company’s stock worth $1,417,000 after buying an additional 158,593 shares during the last quarter. Royce & Associates LP increased its stake in Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock valued at $266,000 after buying an additional 7,820 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in Angie’s List by 27.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 661,300 shares of the company’s stock valued at $5,337,000 after buying an additional 143,997 shares during the last quarter. Geode Capital Management LLC increased its stake in Angie’s List by 6.0% in the first quarter. Geode Capital Management LLC now owns 303,513 shares of the company’s stock valued at $2,449,000 after buying an additional 17,208 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in Angie’s List during the first quarter valued at about $565,000. 64.42% of the stock is owned by institutional investors.
About Angie’s List
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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