Angie’s List Inc. (NASDAQ:ANGI) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Angie’s List from a “buy” rating to a “sell” rating in a research report on Friday, October 28th. Roth Capital set a $9.00 target price on Angie’s List and gave the stock a “hold” rating in a research note on Monday, October 24th. Cowen and Company reaffirmed a “market perform” rating and issued a $11.00 target price (up previously from $10.00) on shares of Angie’s List in a research note on Tuesday, September 27th. Raymond James Financial Inc. raised Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Friday, August 19th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Angie’s List in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.75.
Angie’s List (NASDAQ:ANGI) traded down 2.59% during mid-day trading on Tuesday, hitting $8.66. 89,284 shares of the stock traded hands. The firm’s market capitalization is $512.26 million. The company has a 50-day moving average of $8.27 and a 200 day moving average of $8.51. Angie’s List has a 1-year low of $6.32 and a 1-year high of $10.92.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Angie’s List will post ($0.19) EPS for the current year.
In related news, insider Bowman Angela R. Hicks sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $10.14, for a total value of $30,420.00. Following the completion of the sale, the insider now owns 759,192 shares of the company’s stock, valued at $7,698,206.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 35.80% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in 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 worth $60,188,000 after buying an additional 674,560 shares during the period. D. E. Shaw & Co. Inc. increased its position in 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 worth $5,830,000 after buying an additional 5,534 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Angie’s List during the third quarter worth about $281,000. Two Sigma Advisers LP purchased a new position in Angie’s List during the third quarter worth about $172,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Angie’s List during the third quarter worth about $258,000. Institutional investors and hedge funds own 68.47% of the company’s stock.
Angie’s List Company Profile