Russell Investments Group Ltd. acquired a new stake in Angie’s List, Inc. (NASDAQ:ANGI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 88,570 shares of the technology company’s stock, valued at approximately $1,133,000. Russell Investments Group Ltd. owned 0.15% of Angie’s List at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in Angie’s List in the first quarter valued at about $103,000. American International Group Inc. raised its position in Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,621 shares during the period. JPMorgan Chase & Co. purchased a new position in Angie’s List in the first quarter valued at about $153,000. Metropolitan Life Insurance Co. NY raised its position in Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after purchasing an additional 3,264 shares during the period. Finally, Global X Management Co. LLC raised its position in Angie’s List by 4.6% in the first quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock valued at $178,000 after purchasing an additional 1,384 shares during the period. 82.25% of the stock is currently owned by institutional investors.
Several research analysts have commented on ANGI shares. Zacks Investment Research lowered Angie’s List from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 24th. ValuEngine raised Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed a “hold” rating and set a $8.50 target price on shares of Angie’s List in a research report on Friday, July 14th. BidaskClub lowered Angie’s List from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, Piper Jaffray Companies assumed coverage on Angie’s List in a research report on Wednesday, August 16th. They set an “overweight” rating and a $14.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Angie’s List currently has an average rating of “Hold” and an average price target of $10.65.
In other Angie’s List news, Director Michael S. Maurer sold 98,578 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $12.20, for a total transaction of $1,202,651.60. Following the sale, the director now directly owns 62,563 shares of the company’s stock, valued at $763,268.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bowman Angela R. Hicks sold 300,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $11.96, for a total transaction of $3,588,000.00. Following the sale, the insider now directly owns 670,413 shares in the company, valued at $8,018,139.48. The disclosure for this sale can be found here. Insiders sold 831,364 shares of company stock valued at $9,936,056 in the last three months. Company insiders own 18.20% of the company’s stock.
Shares of Angie’s List, Inc. (ANGI) traded down 0.80% during mid-day trading on Tuesday, hitting $12.44. The stock had a trading volume of 113,530 shares. The company’s market cap is $757.32 million. The firm’s 50 day moving average price is $12.02 and its 200-day moving average price is $9.88. Angie’s List, Inc. has a one year low of $5.22 and a one year high of $13.28.
Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.10). The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $73.87 million. Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. On average, equities research analysts anticipate that Angie’s List, Inc. will post ($0.07) earnings per share for the current fiscal year.
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About Angie’s List
Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.
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