ANGI Homeservices (NASDAQ:ANGI) was downgraded by equities researchers at TheStreet from a "c-" rating to a "d" rating in a research report issued to clients and investors on Monday, TheStreetRatingsTable reports.
A number of other research analysts have also weighed in on the company. Wells Fargo & Company restated a "buy" rating on shares of ANGI Homeservices in a research report on Wednesday, July 8th. Goldman Sachs Group lifted their price target on ANGI Homeservices from $10.80 to $16.80 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. BMO Capital Markets reiterated a "buy" rating and issued a $16.00 price target on shares of ANGI Homeservices in a research report on Friday, July 10th. BTIG Research lifted their price target on ANGI Homeservices from $16.00 to $19.00 in a research report on Thursday, July 16th. Finally, Wedbush lifted their price target on ANGI Homeservices from $8.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. ANGI Homeservices presently has a consensus rating of "Buy" and a consensus target price of $14.68.
Shares of ANGI Homeservices stock opened at $10.50 on Monday. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 262.44 and a beta of 2.11. The business has a 50-day moving average price of $13.42 and a 200-day moving average price of $10.64. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.17. ANGI Homeservices has a twelve month low of $4.10 and a twelve month high of $17.05.
ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings data on Monday, August 10th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.01) by $0.03. The firm had revenue of $375.06 million during the quarter, compared to analyst estimates of $364.45 million. ANGI Homeservices had a return on equity of 1.65% and a net margin of 1.55%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. On average, equities analysts expect that ANGI Homeservices will post 0.02 EPS for the current fiscal year.
In other ANGI Homeservices news, CFO Jamie Cohen sold 4,680 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $16.00, for a total value of $74,880.00. Following the completion of the sale, the chief financial officer now owns 5,080 shares of the company's stock, valued at $81,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bowman Angela R. Hicks sold 16,918 shares of the firm's stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $16.25, for a total transaction of $274,917.50. Following the completion of the sale, the director now directly owns 403,606 shares of the company's stock, valued at approximately $6,558,597.50. The disclosure for this sale can be found here. In the last three months, insiders sold 1,540,962 shares of company stock valued at $22,028,057. 17.40% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ANGI Homeservices by 254.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the technology company's stock valued at $57,000 after acquiring an additional 7,851 shares in the last quarter. Parametrica Management Ltd bought a new position in ANGI Homeservices in the first quarter worth approximately $72,000. UBS Group AG raised its stake in ANGI Homeservices by 1,278.2% in the first quarter. UBS Group AG now owns 16,538 shares of the technology company's stock worth $86,000 after buying an additional 15,338 shares in the last quarter. Arizona State Retirement System bought a new position in ANGI Homeservices in the first quarter worth approximately $95,000. Finally, Paloma Partners Management Co raised its stake in ANGI Homeservices by 22.6% in the first quarter. Paloma Partners Management Co now owns 26,235 shares of the technology company's stock worth $138,000 after buying an additional 4,832 shares in the last quarter. 19.95% of the stock is owned by hedge funds and other institutional investors.
ANGI Homeservices Company Profile
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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