ANGI Homeservices (NASDAQ:ANGI) was upgraded by MKM Partners from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, January 3rd, Marketbeat Ratings reports. The brokerage presently has a $15.00 price target on the technology company’s stock, up from their prior price target of $13.00. MKM Partners’ price objective would indicate a potential upside of 17.55% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other equities analysts have also recently issued reports on the company. ValuEngine cut ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. BidaskClub cut ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Zacks Investment Research cut ANGI Homeservices from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. Wells Fargo & Co reissued a “buy” rating on shares of ANGI Homeservices in a report on Tuesday, December 5th. Finally, Evercore ISI initiated coverage on ANGI Homeservices in a report on Tuesday, December 5th. They issued an “in-line” rating and a $12.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. ANGI Homeservices has a consensus rating of “Hold” and a consensus target price of $12.39.
Shares of ANGI Homeservices (ANGI) traded up $0.15 during trading hours on Wednesday, hitting $12.76. The stock had a trading volume of 1,780,000 shares, compared to its average volume of 544,107. ANGI Homeservices has a twelve month low of $10.24 and a twelve month high of $13.74. The stock has a market cap of $790.09 and a P/E ratio of -106.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.57 and a quick ratio of 0.57.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $184.47 million. ANGI Homeservices had a negative net margin of 17.04% and a negative return on equity of 25.20%. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.28) EPS. sell-side analysts forecast that ANGI Homeservices will post -0.23 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. BB&T Securities LLC purchased a new stake in ANGI Homeservices during the 3rd quarter worth approximately $142,000. Brown Advisory Inc. purchased a new stake in ANGI Homeservices during the 3rd quarter worth approximately $147,000. SG Americas Securities LLC purchased a new stake in ANGI Homeservices during the 3rd quarter worth approximately $160,000. Harvest Management LLC purchased a new stake in ANGI Homeservices during the 2nd quarter worth approximately $192,000. Finally, Marshall Wace North America L.P. purchased a new stake in ANGI Homeservices during the 2nd quarter worth 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.
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