Several other research firms have also recently weighed in on ANGI. BidaskClub raised ANGI Homeservices from a buy rating to a strong-buy rating in a report on Wednesday, May 27th. Needham & Company LLC raised their price target on ANGI Homeservices from $13.00 to $17.00 and gave the company a buy rating in a report on Wednesday, June 24th. Goldman Sachs Group raised their price target on ANGI Homeservices from $10.80 to $16.80 and gave the company a buy rating in a report on Wednesday. BTIG Research initiated coverage on ANGI Homeservices in a report on Wednesday, June 10th. They issued a buy rating and a $16.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on ANGI Homeservices from $11.00 to $18.00 and gave the company an overweight rating in a report on Tuesday, July 7th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $12.85.
Shares of ANGI opened at $16.31 on Wednesday. The stock’s 50-day simple moving average is $12.29 and its 200 day simple moving average is $8.57. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 543.67 and a beta of 2.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.06 and a current ratio of 2.06. ANGI Homeservices has a 52-week low of $4.10 and a 52-week high of $16.48.
ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. ANGI Homeservices had a return on equity of 1.20% and a net margin of 1.16%. The firm had revenue of $343.65 million for the quarter, compared to analysts’ expectations of $341.90 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. On average, research analysts forecast that ANGI Homeservices will post -0.07 earnings per share for the current fiscal year.
In related news, Director Bowman Angela R. Hicks sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $5.52, for a total transaction of $27,600.00. Following the transaction, the director now directly owns 393,606 shares in the company, valued at approximately $2,172,705.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jamie Cohen sold 31,029 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $14.10, for a total value of $437,508.90. Following the transaction, the chief financial officer now owns 30,488 shares in the company, valued at $429,880.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,313,542 shares of company stock worth $20,977,476. 17.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can purchased a new stake in ANGI Homeservices in the 4th quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ANGI Homeservices by 254.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the technology company’s stock worth $57,000 after buying an additional 7,851 shares during the period. Parametrica Management Ltd purchased a new stake in ANGI Homeservices in the 1st quarter worth approximately $72,000. Victory Capital Management Inc. lifted its holdings in ANGI Homeservices by 23.1% in the 4th quarter. Victory Capital Management Inc. now owns 14,592 shares of the technology company’s stock worth $124,000 after buying an additional 2,735 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in ANGI Homeservices in the 4th quarter worth approximately $127,000. Institutional investors and hedge funds own 18.34% 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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