ANGI Homeservices Inc (NASDAQ:ANGI) Receives Consensus Rating of “Buy” from Analysts

ANGI Homeservices Inc (NASDAQ:ANGI) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.32.

ANGI has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of ANGI Homeservices from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Zacks Investment Research raised shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. ValuEngine raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Citigroup initiated coverage on shares of ANGI Homeservices in a research report on Tuesday, September 17th. They set a “neutral” rating and a $9.50 price objective for the company. Finally, Evercore ISI reaffirmed a “hold” rating and set a $11.00 target price on shares of ANGI Homeservices in a research note on Monday, August 12th.

In other news, insider Oisin Hanrahan sold 50,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $7.71, for a total transaction of $385,500.00. Following the completion of the transaction, the insider now directly owns 345,398 shares in the company, valued at $2,663,018.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bowman Angela R. Hicks sold 5,000 shares of ANGI Homeservices stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $6.65, for a total value of $33,250.00. Insiders have sold a total of 1,587,858 shares of company stock valued at $10,739,585 over the last three months. Corporate insiders own 13.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ANGI. Vanguard Group Inc. boosted its stake in shares of ANGI Homeservices by 4.5% in the second quarter. Vanguard Group Inc. now owns 6,441,038 shares of the technology company’s stock valued at $83,797,000 after purchasing an additional 279,527 shares during the period. BlackRock Inc. lifted its holdings in ANGI Homeservices by 15.9% during the 2nd quarter. BlackRock Inc. now owns 5,753,166 shares of the technology company’s stock worth $74,848,000 after buying an additional 789,726 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in ANGI Homeservices by 71.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,334,500 shares of the technology company’s stock worth $30,372,000 after buying an additional 976,000 shares during the last quarter. Echo Street Capital Management LLC boosted its position in shares of ANGI Homeservices by 999.1% during the 2nd quarter. Echo Street Capital Management LLC now owns 1,650,926 shares of the technology company’s stock worth $21,479,000 after acquiring an additional 1,500,720 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of ANGI Homeservices by 39.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,458,963 shares of the technology company’s stock worth $10,337,000 after acquiring an additional 409,501 shares in the last quarter. Institutional investors own 15.23% of the company’s stock.

Shares of NASDAQ:ANGI traded up $0.05 during trading on Friday, reaching $7.62. The stock had a trading volume of 1,160,888 shares, compared to its average volume of 2,045,914. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.20 and a current ratio of 2.20. ANGI Homeservices has a 1-year low of $6.39 and a 1-year high of $18.62. The stock has a market cap of $3.90 billion, a PE ratio of 50.80 and a beta of 2.15. The business has a fifty day moving average price of $7.25 and a 200-day moving average price of $10.25.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $357.40 million during the quarter, compared to analyst estimates of $355.59 million. ANGI Homeservices had a net margin of 5.58% and a return on equity of 5.37%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts expect that ANGI Homeservices will post 0.07 earnings per share for the current year.

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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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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