ANGI Homeservices Inc (NASDAQ:ANGI) – Analysts at Wedbush cut their FY2019 earnings estimates for shares of ANGI Homeservices in a research report issued on Thursday, November 7th. Wedbush analyst Y. Arounian now expects that the technology company will earn $0.06 per share for the year, down from their previous estimate of $0.10. Wedbush has a “Neutral” rating and a $10.00 price target on the stock. Wedbush also issued estimates for ANGI Homeservices’ Q4 2019 earnings at $0.00 EPS, Q4 2020 earnings at $0.01 EPS, FY2020 earnings at $0.05 EPS and FY2021 earnings at $0.14 EPS.
Other research analysts also recently issued research reports about the company. BidaskClub downgraded ANGI Homeservices from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 28th. Raymond James reduced their price objective on ANGI Homeservices from $22.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Evercore ISI reaffirmed a “hold” rating and set a $11.00 price objective on shares of ANGI Homeservices in a report on Monday, August 12th. ValuEngine downgraded ANGI Homeservices from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Citigroup started coverage on ANGI Homeservices in a report on Tuesday, September 17th. They set a “neutral” rating and a $9.50 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. ANGI Homeservices currently has an average rating of “Buy” and an average target price of $16.35.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. ANGI Homeservices had a return on equity of 6.42% and a net margin of 6.53%. The firm had revenue of $357.40 million for the quarter, compared to the consensus estimate of $355.59 million. During the same quarter in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year.
In related news, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.99, for a total transaction of $79,900.00. Also, major shareholder Luxor Capital Group, Lp sold 1,213,497 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $6.73, for a total value of $8,166,834.81. In the last three months, insiders sold 1,532,858 shares of company stock worth $10,321,385. 13.10% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC acquired a new stake in ANGI Homeservices during the 2nd quarter worth $29,000. JPMorgan Chase & Co. grew its holdings in shares of ANGI Homeservices by 69.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,231 shares in the last quarter. Aperio Group LLC bought a new position in shares of ANGI Homeservices in the 2nd quarter valued at about $56,000. Tyers Asset Management LLC bought a new position in shares of ANGI Homeservices in the 2nd quarter valued at about $61,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of ANGI Homeservices by 1,495.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,107 shares of the technology company’s stock valued at $67,000 after acquiring an additional 4,787 shares in the last quarter. 13.87% of the stock is currently owned by institutional investors and hedge funds.
About ANGI Homeservices
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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