Zacks Investment Research downgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a strong sell rating in a research report report published on Wednesday, December 27th.
According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of ANGI Homeservices from a hold rating to a sell rating in a research note on Thursday, December 14th. Evercore ISI assumed coverage on shares of ANGI Homeservices in a research note on Tuesday, December 5th. They set an in-line rating and a $12.00 target price on the stock. Wells Fargo & Co raised shares of ANGI Homeservices from a market perform rating to an outperform rating and set a $14.00 target price on the stock in a research note on Thursday, October 19th. Goldman Sachs Group started coverage on shares of ANGI Homeservices in a research note on Wednesday, October 11th. They issued a buy rating and a $14.00 price objective on the stock. Finally, Oppenheimer reaffirmed an outperform rating and issued a $14.00 price objective on shares of ANGI Homeservices in a research note on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. ANGI Homeservices has an average rating of Hold and an average target price of $12.39.
ANGI Homeservices (NASDAQ:ANGI) opened at $12.76 on Wednesday. The stock has a market cap of $790.09 and a price-to-earnings ratio of -106.32. ANGI Homeservices has a 12 month low of $5.22 and a 12 month high of $13.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.57 and a current ratio of 0.57.
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 Thomson Reuters’ consensus estimate of $0.16 by ($0.18). The company had revenue of $181.70 million for the quarter, compared to the consensus estimate of $184.47 million. ANGI Homeservices had a negative return on equity of 25.20% and a negative net margin of 17.04%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.28) earnings per share. analysts predict that ANGI Homeservices will post -0.23 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC bought a new position in shares of ANGI Homeservices in the third quarter valued at $142,000. Brown Advisory Inc. bought a new position in shares of ANGI Homeservices in the third quarter valued at $147,000. SG Americas Securities LLC bought a new position in shares of ANGI Homeservices during the third quarter valued at about $160,000. Metropolitan Life Insurance Co. NY lifted its position in shares of ANGI Homeservices by 11.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Harvest Management LLC bought a new position in shares of ANGI Homeservices during the second quarter valued at about $192,000. 68.65% of the stock is currently owned by hedge funds and other institutional investors.
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About ANGI Homeservices
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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