ANGI Homeservices Target of Unusually Large Options Trading (ANGI)

ANGI Homeservices Inc (NASDAQ:ANGI) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 1,467 put options on the stock. This represents an increase of approximately 2,834% compared to the typical volume of 50 put options.

In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 26,306 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $19.13, for a total transaction of $503,233.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,607 shares of company stock valued at $1,521,458. 20.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in ANGI Homeservices in the second quarter worth about $350,000. Cubist Systematic Strategies LLC acquired a new stake in ANGI Homeservices in the second quarter worth about $168,000. Granahan Investment Management Inc. MA acquired a new stake in ANGI Homeservices in the second quarter worth about $202,000. The Manufacturers Life Insurance Company lifted its holdings in ANGI Homeservices by 6,005.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,982 shares of the technology company’s stock worth $190,000 after purchasing an additional 13,753 shares during the period. Finally, United Services Automobile Association acquired a new stake in ANGI Homeservices in the second quarter worth about $135,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Several analysts have weighed in on ANGI shares. BidaskClub upgraded shares of ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Wells Fargo & Co boosted their target price on shares of ANGI Homeservices from $16.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, August 13th. BMO Capital Markets upped their price target on shares of ANGI Homeservices from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. Finally, UBS Group upped their price target on shares of ANGI Homeservices from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.91.

ANGI Homeservices stock opened at $17.89 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of -81.32, a PEG ratio of 6.46 and a beta of 2.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.06 and a quick ratio of 2.06. ANGI Homeservices has a one year low of $10.24 and a one year high of $23.95.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $303.10 million during the quarter, compared to analyst estimates of $296.57 million. ANGI Homeservices had a negative net margin of 12.14% and a negative return on equity of 10.01%. The company’s quarterly revenue was up 66.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Equities research analysts predict that ANGI Homeservices will post 0.12 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://sportsperspectives.com/2018/11/09/angi-homeservices-target-of-unusually-large-options-trading-angi.html.

ANGI Homeservices Company Profile

ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.

Recommended Story: Asset Allocation

Receive News & Ratings for ANGI Homeservices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply