ANGI Homeservices (ANGI) Lowered to Sell at ValuEngine

ValuEngine lowered shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a sell rating in a research report sent to investors on Wednesday, January 3rd.

A number of other analysts have also commented on the stock. Oppenheimer reiterated an outperform rating and issued a $14.00 price target on shares of ANGI Homeservices in a research note on Thursday, October 5th. Wells Fargo & Co upgraded shares of ANGI Homeservices from a market perform rating to an outperform rating and set a $14.00 price target for the company in a research note on Thursday, October 19th. BidaskClub lowered shares of ANGI Homeservices from a hold rating to a sell rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of ANGI Homeservices from a hold rating to a buy rating and set a $14.00 price target for the company in a research note on Wednesday, November 1st. Finally, Goldman Sachs Group initiated coverage on shares of ANGI Homeservices in a research note on Wednesday, October 11th. They issued a buy rating and a $14.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. ANGI Homeservices currently has a consensus rating of Hold and a consensus price target of $12.39.

Shares of ANGI Homeservices (NASDAQ:ANGI) traded up $0.15 during trading on Wednesday, reaching $12.76. 1,781,046 shares of the company’s stock traded hands, compared to its average volume of 855,231. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $800.75 and a PE ratio of -106.32. ANGI Homeservices has a twelve month low of $5.22 and a twelve month high of $13.74.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. BB&T Securities LLC bought a new stake in ANGI Homeservices during the third quarter valued at approximately $142,000. Brown Advisory Inc. bought a new stake in ANGI Homeservices during the third quarter valued at approximately $147,000. SG Americas Securities LLC bought a new stake in ANGI Homeservices during the third quarter valued at approximately $160,000. Harvest Management LLC bought a new stake in ANGI Homeservices during the second quarter valued at approximately $192,000. Finally, Marshall Wace North America L.P. bought a new stake in ANGI Homeservices during the second quarter valued at approximately $237,000. Institutional investors own 68.65% of the company’s stock.

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ANGI Homeservices 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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