ANGI Homeservices Inc (ANGI) Receives Average Recommendation of “Buy” from Analysts

ANGI Homeservices Inc (NASDAQ:ANGI) has received a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $19.70.

Several equities research analysts have recently issued reports on the company. Wedbush assumed coverage on ANGI Homeservices in a research report on Thursday, September 13th. They set an “outperform” rating and a $26.00 target price for the company. UBS Group raised their target price on ANGI Homeservices from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Raymond James raised their target price on ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. BidaskClub raised ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 24th. Finally, Zacks Investment Research raised ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, August 13th.

In other news, Director Bowman Angela R. Hicks sold 26,306 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $19.13, for a total transaction of $503,233.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Luxor Capital Group, Lp purchased 16,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were purchased at an average price of $23.20 per share, with a total value of $371,200.00. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in shares of ANGI Homeservices by 2.5% during the 2nd quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock worth $149,179,000 after acquiring an additional 239,681 shares during the period. CIBC Asset Management Inc bought a new position in shares of ANGI Homeservices during the 2nd quarter worth $260,000. Swiss National Bank grew its stake in shares of ANGI Homeservices by 10.4% during the 2nd quarter. Swiss National Bank now owns 71,000 shares of the technology company’s stock worth $1,092,000 after acquiring an additional 6,700 shares during the period. Granahan Investment Management Inc. MA bought a new position in ANGI Homeservices in the 2nd quarter worth about $202,000. Finally, RWC Asset Management LLP boosted its stake in ANGI Homeservices by 30.1% in the 3rd quarter. RWC Asset Management LLP now owns 819,828 shares of the technology company’s stock worth $19,250,000 after purchasing an additional 189,828 shares during the period. Institutional investors own 82.18% of the company’s stock.

Shares of ANGI Homeservices stock traded up $0.15 during trading hours on Monday, hitting $17.60. 1,131,660 shares of the company’s stock traded hands, compared to its average volume of 791,734. ANGI Homeservices has a 12-month low of $10.24 and a 12-month high of $23.95. The firm has a market cap of $1.31 billion, a PE ratio of -80.00, a P/E/G ratio of 6.12 and a beta of 2.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33.

ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Wednesday, November 7th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. ANGI Homeservices had a negative return on equity of 0.53% and a negative net margin of 1.63%. The firm had revenue of $303.10 million during the quarter, compared to analyst estimates of $296.57 million. During the same period last year, the firm posted ($0.17) EPS. The business’s revenue was up 66.8% compared to the same quarter last year. As a group, equities analysts anticipate that ANGI Homeservices will post 0.11 EPS for the current fiscal year.

ANGI Homeservices Company Profile

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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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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