Zacks Investment Research upgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a strong-buy rating in a report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $18.00 target price on the technology company’s stock.
According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “
ANGI has been the topic of several other research reports. Aegis began coverage on ANGI Homeservices in a research report on Monday, April 8th. They set a buy rating and a $22.00 price objective on the stock. BidaskClub cut ANGI Homeservices from a buy rating to a hold rating in a research report on Thursday, February 14th. TheStreet upgraded ANGI Homeservices from a d+ rating to a c- rating in a research report on Friday, February 8th. SunTrust Banks began coverage on ANGI Homeservices in a research report on Tuesday, December 18th. They set a buy rating and a $21.00 price objective on the stock. Finally, Goldman Sachs Group began coverage on ANGI Homeservices in a research report on Monday, February 4th. They set a buy rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. ANGI Homeservices has an average rating of Buy and a consensus price target of $23.08.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $281.28 million. ANGI Homeservices had a return on equity of 6.96% and a net margin of 6.83%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. As a group, equities analysts expect that ANGI Homeservices will post 0.18 EPS for the current fiscal year.
In related news, COO Craig M. Smith sold 7,209 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $16.24, for a total value of $117,074.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Craig M. Smith sold 4,003 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $15.64, for a total value of $62,606.92. The disclosure for this sale can be found here. Insiders sold 472,313 shares of company stock worth $7,719,142 in the last 90 days. 20.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ANGI. Massey Quick Simon & CO. LLC bought a new position in shares of ANGI Homeservices in the fourth quarter worth $34,000. First Manhattan Co. bought a new position in ANGI Homeservices in the fourth quarter valued at about $56,000. Rehmann Capital Advisory Group bought a new position in ANGI Homeservices in the third quarter valued at about $60,000. Great West Life Assurance Co. Can grew its position in ANGI Homeservices by 140.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock valued at $97,000 after acquiring an additional 3,664 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in ANGI Homeservices in the fourth quarter valued at about $165,000. Institutional investors own 13.40% of the company’s stock.
ANGI Homeservices Company Profile
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
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