Angie’s List’s (ANGI) Buy Rating Reiterated at Wells Fargo & Company

Angie’s List (NASDAQ:ANGI)‘s stock had its “buy” rating reissued by analysts at Wells Fargo & Company in a note issued to investors on Tuesday.

A number of other equities research analysts also recently commented on ANGI. BidaskClub downgraded Angie’s List from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies started coverage on Angie’s List in a research report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price objective for the company. Zacks Investment Research downgraded Angie’s List from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Angie’s List in a research report on Thursday, October 5th. Finally, CIBC started coverage on Angie’s List in a research report on Thursday, October 5th. They issued an “outperform” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Angie’s List presently has a consensus rating of “Hold” and an average price target of $12.13.

Shares of Angie’s List (ANGI) traded down $0.07 during trading hours on Tuesday, hitting $11.02. The stock had a trading volume of 601,100 shares, compared to its average volume of 671,544. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.08. Angie’s List has a twelve month low of $5.22 and a twelve month high of $13.74.

Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The business had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $184.47 million. Angie’s List had a negative net margin of 17.04% and a negative return on equity of 25.20%. Angie’s List’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) EPS. research analysts anticipate that Angie’s List will post -0.23 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. BB&T Securities LLC acquired a new position in Angie’s List in the third quarter valued at $142,000. Brown Advisory Inc. acquired a new position in shares of Angie’s List during the third quarter worth about $147,000. SG Americas Securities LLC acquired a new position in shares of Angie’s List during the third quarter worth about $160,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Angie’s List by 11.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock worth $174,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Harvest Management LLC acquired a new position in shares of Angie’s List during the second quarter worth about $192,000. Hedge funds and other institutional investors own 68.65% of the company’s stock.

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Angie’s List Company Profile

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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