ANGI Homeservices (NASDAQ:ANGI) Upgraded by BidaskClub to Buy

ANGI Homeservices (NASDAQ:ANGI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday, January 20th.

Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group started coverage on ANGI Homeservices in a research note on Wednesday, October 11th. They set a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded ANGI Homeservices from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. ValuEngine cut ANGI Homeservices from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Oppenheimer reiterated a “buy” rating and issued a $14.00 price target on shares of ANGI Homeservices in a research note on Wednesday, January 3rd. Finally, Evercore ISI began coverage on ANGI Homeservices in a research note on Tuesday, December 5th. They issued an “in-line” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.77.

ANGI Homeservices (NASDAQ ANGI) traded up $0.30 on Friday, hitting $14.19. The stock had a trading volume of 2,216,140 shares, compared to its average volume of 783,134. ANGI Homeservices has a fifty-two week low of $5.22 and a fifty-two week high of $14.33. The company has a quick ratio of 0.57, a current ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market cap of $853.38, a P/E ratio of -35.62, a price-to-earnings-growth ratio of 4.84 and a beta of 1.54.

Large investors have recently modified their holdings of the company. Capital Research Global Investors purchased a new stake in ANGI Homeservices in the second quarter valued at $37,217,000. Stephens Investment Management Group LLC grew its stake in shares of ANGI Homeservices by 26.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 2,544,650 shares of the technology company’s stock valued at $26,617,000 after buying an additional 524,897 shares in the last quarter. BlackRock Inc. grew its stake in shares of ANGI Homeservices by 48,275.2% in the fourth quarter. BlackRock Inc. now owns 972,341 shares of the technology company’s stock valued at $10,170,000 after buying an additional 970,331 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of ANGI Homeservices by 109,044.8% in the fourth quarter. Teachers Advisors LLC now owns 951,743 shares of the technology company’s stock valued at $9,955,000 after buying an additional 950,871 shares in the last quarter. Finally, State Street Corp grew its stake in shares of ANGI Homeservices by 6.5% in the second quarter. State Street Corp now owns 766,698 shares of the technology company’s stock valued at $9,803,000 after buying an additional 47,008 shares in the last quarter. 68.89% 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.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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