Research analysts at UBS assumed coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a research report issued on Thursday, March 15th, www.benzinga.com reports. The brokerage set a “buy” rating and a $20.00 price target on the technology company’s stock. UBS’s target price suggests a potential upside of 50.15% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Wells Fargo reissued a “buy” rating and issued a $15.00 target price on shares of ANGI Homeservices in a research report on Thursday, February 8th. BidaskClub raised shares of ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Finally, BMO Capital Markets started coverage on shares of ANGI Homeservices in a research report on Tuesday, February 6th. They set an “outperform” rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $14.23.
Shares of NASDAQ:ANGI traded down $0.30 during midday trading on Thursday, hitting $13.32. 566,718 shares of the company’s stock traded hands, compared to its average volume of 646,592. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $840.04, a price-to-earnings ratio of -60.55, a PEG ratio of 4.74 and a beta of 1.34. ANGI Homeservices has a twelve month low of $5.28 and a twelve month high of $15.77.
ANGI Homeservices (NASDAQ:ANGI) last posted its earnings results on Wednesday, February 7th. The technology company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.07). ANGI Homeservices had a negative net margin of 24.70% and a negative return on equity of 24.06%. The business had revenue of $223.21 million for the quarter, compared to analyst estimates of $225.82 million. analysts predict that ANGI Homeservices will post 0.11 earnings per share for the current year.
In other news, major shareholder Luxor Capital Group, Lp purchased 3,087,280 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average price of $14.90 per share, for a total transaction of $46,000,472.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $13.28, for a total transaction of $349,277.28. The disclosure for this sale can be found here. Insiders have bought 5,822,550 shares of company stock worth $85,247,673 in the last 90 days. 18.20% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP bought a new stake in ANGI Homeservices in the fourth quarter worth approximately $54,321,000. Stephens Investment Management Group LLC boosted its holdings in shares of ANGI Homeservices by 2,069.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock worth $25,166,000 after buying an additional 1,926,670 shares during the period. Park West Asset Management LLC boosted its holdings in shares of ANGI Homeservices by 381.7% during the 4th quarter. Park West Asset Management LLC now owns 1,445,088 shares of the technology company’s stock worth $15,116,000 after buying an additional 1,145,088 shares during the period. BlackRock Inc. boosted its holdings in shares of ANGI Homeservices by 48,275.2% during the 4th quarter. BlackRock Inc. now owns 972,341 shares of the technology company’s stock worth $10,170,000 after buying an additional 970,331 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of ANGI Homeservices by 109,044.8% during the 4th quarter. Teachers Advisors LLC now owns 951,743 shares of the technology company’s stock worth $9,955,000 after buying an additional 950,871 shares during the period. Hedge funds and other institutional investors own 93.07% of the company’s stock.
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About ANGI Homeservices
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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