Angie’s List, Inc. (ANGI) Shares Gap Down to $11.32

Angie’s List, Inc. (NASDAQ:ANGI) shares gapped down prior to trading on Friday . The stock had previously closed at $11.35, but opened at $11.32. Angie’s List shares last traded at $11.19, with a volume of 362344 shares traded.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, November 1st. Wells Fargo & Company upgraded Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) assumed coverage on Angie’s List in a research report on Wednesday, October 11th. They issued a “buy” rating and a $14.00 price target for the company. CIBC assumed coverage on Angie’s List in a research report on Thursday, October 5th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $14.00 price target on shares of Angie’s List in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.14.

The company has a current ratio of 0.57, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08.

Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). The firm had revenue of $181.70 million during the quarter, compared to the consensus estimate of $184.47 million. Angie’s List had a negative return on equity of 25.20% and a negative net margin of 17.04%. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.28) EPS. equities research analysts expect that Angie’s List, Inc. will post 0.02 EPS for the current year.

In other Angie’s List news, Director Michael S. Maurer sold 16,500 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $12.28, for a total value of $202,620.00. Following the completion of the sale, the director now owns 62,563 shares of the company’s stock, valued at $768,273.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO J Mark Howell sold 23,600 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $11.85, for a total transaction of $279,660.00. Following the completion of the sale, the chief operating officer now directly owns 125,416 shares of the company’s stock, valued at approximately $1,486,179.60. The disclosure for this sale can be found here. In the last three months, insiders sold 513,186 shares of company stock valued at $6,129,920. 18.20% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of ANGI. Capital Research Global Investors bought a new stake in shares of Angie’s List during the second quarter valued at approximately $37,217,000. Stephens Investment Management Group LLC raised its stake in shares of Angie’s List by 2,069.8% during the third quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock valued at $25,166,000 after acquiring an additional 1,926,670 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Angie’s List by 36.9% during the second quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock valued at $57,869,000 after acquiring an additional 1,218,944 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Angie’s List during the first quarter valued at approximately $1,327,000. Finally, Vanguard Group Inc. raised its stake in shares of Angie’s List by 5.5% during the first quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock valued at $24,895,000 after acquiring an additional 228,084 shares in the last quarter. 80.59% of the stock is owned by hedge funds and other institutional investors.

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About Angie’s List

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

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