Angie’s List, Inc. (ANGI) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Angie’s List, Inc. (NASDAQ:ANGI) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $14.00 price target on the technology company’s stock.

According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “

A number of other research analysts have also weighed in on ANGI. Cowen and Company reissued a hold rating and set a $8.50 price target on shares of Angie’s List in a research note on Friday, July 14th. BidaskClub lowered Angie’s List from a buy rating to a hold rating in a research note on Sunday, July 16th. Piper Jaffray Companies started coverage on Angie’s List in a research note on Wednesday, August 16th. They set an overweight rating and a $14.00 price target on the stock. Oppenheimer Holdings, Inc. reissued an outperform rating and set a $14.00 price target on shares of Angie’s List in a research note on Thursday, October 5th. Finally, CIBC assumed coverage on Angie’s List in a research report on Thursday, October 5th. They issued an outperform rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $12.14.

Shares of Angie’s List (NASDAQ ANGI) opened at $12.13 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 6.24.

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In other Angie’s List news, COO J Mark Howell sold 38,221 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $11.52, for a total value of $440,305.92. Following the transaction, the chief operating officer now directly owns 125,416 shares of the company’s stock, valued at $1,444,792.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael S. Maurer sold 6,380 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $12.00, for a total value of $76,560.00. Following the completion of the transaction, the director now directly owns 180,816 shares in the company, valued at $2,169,792. The disclosure for this sale can be found here. Insiders sold a total of 531,364 shares of company stock worth $6,348,056 over the last ninety days. Corporate insiders own 18.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Harvest Management LLC purchased a new position in Angie’s List in the second quarter valued at about $192,000. Equitec Proprietary Markets LLC purchased a new position in Angie’s List in the second quarter valued at about $207,000. Citadel Advisors LLC purchased a new position in Angie’s List in the first quarter valued at about $103,000. Marshall Wace North America L.P. purchased a new position in Angie’s List in the second quarter valued at about $237,000. Finally, Voya Investment Management LLC raised its position in Angie’s List by 10.0% in the second quarter. Voya Investment Management LLC now owns 21,368 shares of the technology company’s stock valued at $273,000 after purchasing an additional 1,945 shares during the period. 80.66% of the stock is currently owned by institutional investors.

About Angie’s List

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

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