ANGI Homeservices (ANGI) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ANGI Homeservices (NASDAQ:ANGI) from a buy rating to a hold rating in a research note issued to investors on Friday morning, Zacks.com reports.

According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “

A number of other brokerages also recently issued reports on ANGI. BidaskClub raised ANGI Homeservices from a sell rating to a hold rating in a report on Wednesday, May 8th. ValuEngine raised ANGI Homeservices from a buy rating to a strong-buy rating in a report on Wednesday, May 1st. TheStreet raised ANGI Homeservices from a d+ rating to a c- rating in a report on Friday, February 8th. Goldman Sachs Group began coverage on ANGI Homeservices in a report on Monday, February 4th. They set a buy rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on ANGI Homeservices in a report on Monday, April 29th. They set an overweight rating and a $20.00 price target on the stock. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $22.86.

NASDAQ ANGI opened at $14.98 on Friday. ANGI Homeservices has a 12 month low of $13.80 and a 12 month high of $23.95. The firm has a market capitalization of $8.32 billion, a PE ratio of 99.87, a P/E/G ratio of 3.69 and a beta of 2.21. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.36 and a current ratio of 2.19.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, May 8th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $303.44 million for the quarter, compared to analysts’ expectations of $305.54 million. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. As a group, equities analysts anticipate that ANGI Homeservices will post 0.18 earnings per share for the current year.

In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 29,531 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $16.37, for a total value of $483,422.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Craig M. Smith sold 4,115 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $18.51, for a total value of $76,168.65. The disclosure for this sale can be found here. In the last three months, insiders sold 431,336 shares of company stock worth $7,040,930. 20.30% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC bought a new position in ANGI Homeservices in the fourth quarter valued at about $34,000. First Manhattan Co. bought a new position in shares of ANGI Homeservices in the fourth quarter worth about $56,000. Great West Life Assurance Co. Can raised its stake in shares of ANGI Homeservices by 140.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock worth $97,000 after buying an additional 3,664 shares during the period. Squarepoint Ops LLC bought a new position in shares of ANGI Homeservices in the fourth quarter worth about $165,000. Finally, Parametrica Management Ltd bought a new position in shares of ANGI Homeservices in the first quarter worth about $176,000. 13.40% of the stock is currently owned by institutional investors.

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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