Trading Report: The Angie’s List Inc. (ANGI) Given a $8.00 Price Target by Roth Capital Analysts

The Angie’s List Inc. (ANGI) Given a $8.00 Price Target by Roth Capital Analysts

Angie’s List Inc. (NASDAQ:ANGI) has been assigned a $8.00 price objective by stock analysts at Roth Capital in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Roth Capital’s target price suggests a potential downside of 7.62% from the stock’s current price.

A number of other equities research analysts have also recently commented on ANGI. Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. Zacks Investment Research raised shares of Angie’s List from a “hold” rating to a “strong-buy” rating and set a $9.75 price target on the stock in a report on Thursday, July 28th. TheStreet raised shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Raymond James Financial Inc. raised shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Friday, August 19th. Finally, Cowen and Company reissued a “market perform” rating and set a $11.00 target price (up previously from $10.00) on shares of Angie’s List in a report on Tuesday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.75.

Angie’s List (NASDAQ:ANGI) traded down 2.59% on Wednesday, hitting $8.66. The stock had a trading volume of 89,284 shares. The company has a 50-day moving average price of $8.27 and a 200-day moving average price of $8.51. Angie’s List has a 52 week low of $6.32 and a 52 week high of $10.92. The stock’s market capitalization is $512.26 million.

Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.14. The company earned $79.70 million during the quarter, compared to the consensus estimate of $81.97 million. Angie’s List had a negative return on equity of 293.31% and a negative net margin of 0.56%. The firm’s revenue was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Angie’s List will post ($0.19) earnings per share for the current fiscal year.

In other news, insider Bowman Angela R. Hicks sold 3,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $10.14, for a total transaction of $30,420.00. Following the completion of the transaction, the insider now directly owns 759,192 shares in the company, valued at approximately $7,698,206.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 35.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Angie’s List by 12.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,073,490 shares of the company’s stock valued at $60,188,000 after buying an additional 674,560 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Angie’s List by 0.9% in the third quarter. D. E. Shaw & Co. Inc. now owns 588,318 shares of the company’s stock valued at $5,830,000 after buying an additional 5,534 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Angie’s List during the third quarter valued at about $281,000. Two Sigma Advisers LP bought a new position in shares of Angie’s List during the third quarter valued at about $172,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Angie’s List during the third quarter valued at about $258,000. Institutional investors own 68.47% of the company’s stock.

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