Oppenheimer reissued their buy rating on shares of ANGI Homeservices (NASDAQ:ANGI) in a report released on Wednesday, January 3rd. Oppenheimer currently has a $14.00 price target on the technology company’s stock.
ANGI has been the topic of a number of other reports. BidaskClub raised ANGI Homeservices from a sell rating to a hold rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded ANGI Homeservices from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research report on Wednesday, November 1st. Wells Fargo & Co upgraded ANGI Homeservices from a market perform rating to an outperform rating and set a $14.00 price objective on the stock in a research report on Thursday, October 19th. CIBC started coverage on ANGI Homeservices in a research report on Thursday, October 5th. They issued an outperform rating and a $14.00 price objective on the stock. Finally, MKM Partners upgraded ANGI Homeservices from a neutral rating to a buy rating and lifted their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. ANGI Homeservices has an average rating of Hold and an average target price of $12.39.
Shares of ANGI Homeservices (ANGI) traded up $0.15 during midday trading on Wednesday, hitting $12.91. The company had a trading volume of 514,571 shares, compared to its average volume of 545,027. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08. The stock has a market cap of $799.49, a PE ratio of -107.57, a price-to-earnings-growth ratio of 5.10 and a beta of 1.32. ANGI Homeservices has a 52 week low of $5.22 and a 52 week high of $13.74.
ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The company had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $184.47 million. ANGI Homeservices had a negative return on equity of 25.20% and a negative net margin of 17.04%. ANGI Homeservices’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period last year, the firm earned ($0.28) earnings per share. sell-side analysts anticipate that ANGI Homeservices will post -0.23 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of ANGI Homeservices by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 32,598 shares of the technology company’s stock valued at $416,000 after purchasing an additional 216 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in ANGI Homeservices by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock worth $1,954,000 after acquiring an additional 760 shares in the last quarter. Rhumbline Advisers boosted its holdings in ANGI Homeservices by 2.1% in the second quarter. Rhumbline Advisers now owns 46,347 shares of the technology company’s stock worth $593,000 after acquiring an additional 966 shares in the last quarter. Teachers Advisors LLC boosted its holdings in ANGI Homeservices by 1.0% in the second quarter. Teachers Advisors LLC now owns 113,913 shares of the technology company’s stock worth $1,457,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in ANGI Homeservices by 10.0% in the second quarter. Voya Investment Management LLC now owns 21,368 shares of the technology company’s stock worth $273,000 after acquiring an additional 1,945 shares in the last quarter. 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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