BidaskClub cut shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a sell rating in a research note issued to investors on Saturday, BidAskClub reports.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets dropped their target price on shares of ANGI Homeservices from $20.00 to $13.00 and set an outperform rating on the stock in a report on Friday, August 9th. ValuEngine cut shares of ANGI Homeservices from a buy rating to a hold rating in a report on Thursday, August 8th. Zacks Investment Research cut shares of ANGI Homeservices from a buy rating to a hold rating in a report on Monday, July 22nd. JPMorgan Chase & Co. began coverage on shares of ANGI Homeservices in a report on Monday, April 29th. They issued an overweight rating and a $20.00 target price on the stock. Finally, Nomura dropped their target price on shares of ANGI Homeservices from $17.00 to $9.00 and set a neutral rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. ANGI Homeservices has an average rating of Buy and an average price target of $19.38.
Shares of ANGI stock opened at $8.97 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.21. The firm has a 50-day moving average price of $12.87. The company has a market cap of $4.54 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.94. ANGI Homeservices has a 52-week low of $8.51 and a 52-week high of $23.95.
ANGI Homeservices (NASDAQ:ANGI) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $343.90 million during the quarter, compared to the consensus estimate of $351.19 million. ANGI Homeservices had a net margin of 6.53% and a return on equity of 6.42%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. As a group, research analysts anticipate that ANGI Homeservices will post 0.19 EPS for the current fiscal year.
In related news, CEO William B. Ridenour sold 10,925 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $15.45, for a total value of $168,791.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Allison Lowrie sold 7,613 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $15.08, for a total transaction of $114,804.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,089,091 shares of company stock worth $15,135,771. 13.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC acquired a new position in ANGI Homeservices in the 2nd quarter valued at about $29,000. JPMorgan Chase & Co. grew its position in shares of ANGI Homeservices by 69.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,231 shares in the last quarter. Aperio Group LLC acquired a new position in shares of ANGI Homeservices during the 2nd quarter worth approximately $56,000. Tyers Asset Management LLC acquired a new position in shares of ANGI Homeservices during the 2nd quarter worth approximately $61,000. Finally, Tower Research Capital LLC TRC grew its position in shares of ANGI Homeservices by 1,495.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,107 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,787 shares in the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.
About ANGI Homeservices
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
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