Evercore ISI reaffirmed their hold rating on shares of ANGI Homeservices (NASDAQ:ANGI) in a research note issued to investors on Monday morning, AnalystRatings.com reports. They currently have a $11.00 price target on the technology company’s stock.
Several other equities research analysts have also commented on ANGI. ValuEngine lowered shares of ANGI Homeservices from a buy rating to a hold rating in a research report on Thursday, August 8th. Needham & Company LLC restated a buy rating and set a $20.00 target price (down from $23.00) on shares of ANGI Homeservices in a research report on Tuesday, June 25th. TheStreet lowered shares of ANGI Homeservices from a c- rating to a d+ rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. assumed coverage on shares of ANGI Homeservices in a research report on Monday, April 29th. They set an overweight rating and a $20.00 target price on the stock. Finally, Wedbush lowered shares of ANGI Homeservices from an outperform rating to a neutral rating and decreased their target price for the stock from $22.00 to $10.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $19.38.
Shares of NASDAQ ANGI opened at $8.37 on Monday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 59.80, a PEG ratio of 2.66 and a beta of 1.94. ANGI Homeservices has a one year low of $8.14 and a one year high of $23.95. The company’s fifty day moving average is $12.67 and its two-hundred day moving average is $15.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.21.
ANGI Homeservices (NASDAQ:ANGI) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $351.19 million. ANGI Homeservices had a return on equity of 6.42% and a net margin of 6.53%. ANGI Homeservices’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts forecast that ANGI Homeservices will post 0.14 earnings per share for the current fiscal year.
In related news, CMO Allison Lowrie sold 7,592 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $14.83, for a total value of $112,589.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Luxor Capital Group, Lp sold 795,100 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $13.83, for a total transaction of $10,996,233.00. The disclosure for this sale can be found here. Insiders sold a total of 1,078,166 shares of company stock worth $14,966,979 over the last quarter. Insiders own 13.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in ANGI Homeservices by 3.4% in the 1st quarter. FMR LLC now owns 12,437,965 shares of the technology company’s stock valued at $192,041,000 after purchasing an additional 409,611 shares during the last quarter. Vanguard Group Inc. raised its stake in ANGI Homeservices by 4.5% in the 2nd 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 last quarter. BlackRock Inc. raised its stake in ANGI Homeservices by 15.9% in the 2nd quarter. BlackRock Inc. now owns 5,753,166 shares of the technology company’s stock valued at $74,848,000 after purchasing an additional 789,726 shares during the last quarter. SQN Investors LP raised its stake in ANGI Homeservices by 37.3% in the 1st quarter. SQN Investors LP now owns 4,886,483 shares of the technology company’s stock valued at $75,447,000 after purchasing an additional 1,327,312 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in ANGI Homeservices by 71.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,334,500 shares of the technology company’s stock valued at $30,372,000 after purchasing an additional 976,000 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.
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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