Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Wolverine World Wide from a hold rating to a sell rating in a report on Monday, May 20th. Aegis started coverage on shares of ANGI Homeservices in a report on Monday, April 8th. They issued a buy rating and a $22.00 target price on the stock. Needham & Company LLC downgraded shares of Acer Therapeutics from a buy rating to a hold rating in a report on Tuesday, June 25th. TheStreet downgraded shares of Viavi Solutions from a b- rating to a c+ rating in a report on Monday, June 3rd. Finally, SunTrust Banks reiterated a buy rating and issued a $20.00 target price on shares of ANGI Homeservices in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $22.92.
ANGI stock opened at $13.82 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. ANGI Homeservices has a 1 year low of $12.76 and a 1 year high of $23.95. The firm has a fifty day simple moving average of $14.11. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 72.74, a PEG ratio of 2.99 and a beta of 2.03.
ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $303.44 million during the quarter, compared to analyst estimates of $305.54 million. ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. ANGI Homeservices’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Sell-side analysts anticipate that ANGI Homeservices will post 0.19 earnings per share for the current fiscal year.
In other news, Director Bowman Angela R. Hicks sold 18,724 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $14.67, for a total transaction of $274,681.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Allison Lowrie sold 7,626 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $15.57, for a total transaction of $118,736.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 288,879 shares of company stock worth $4,324,264. Insiders own 13.10% of the company’s stock.
Several large investors have recently bought and sold shares of ANGI. Great West Life Assurance Co. Can increased its holdings in shares of ANGI Homeservices by 140.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock worth $97,000 after purchasing an additional 3,664 shares during the period. First Manhattan Co. increased its holdings in shares of ANGI Homeservices by 145.0% during the 1st quarter. First Manhattan Co. now owns 8,575 shares of the technology company’s stock worth $132,000 after purchasing an additional 5,075 shares during the period. Squarepoint Ops LLC bought a new position in shares of ANGI Homeservices during the 4th quarter worth about $165,000. Parametrica Management Ltd bought a new position in shares of ANGI Homeservices during the 1st quarter worth about $176,000. Finally, Marshall Wace North America L.P. bought a new position in shares of ANGI Homeservices during the 1st quarter worth about $220,000. Institutional investors own 14.38% 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.
Further Reading: Beta
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