BidaskClub Upgrades ANGI Homeservices (NASDAQ:ANGI) to Sell

ANGI Homeservices (NASDAQ:ANGI) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other research firms have also recently issued reports on ANGI. TheStreet cut Viavi Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 3rd. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Needham & Company LLC lowered Acer Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. set a €118.00 ($137.21) target price on Deutsche Boerse and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Aegis began coverage on ANGI Homeservices in a research report on Monday, April 8th. They issued a “buy” rating and a $22.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.92.

ANGI opened at $13.82 on Thursday. ANGI Homeservices has a 1-year low of $12.76 and a 1-year high of $23.95. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $6.98 billion, a PE ratio of 72.58, a price-to-earnings-growth ratio of 2.98 and a beta of 2.03. The company has a 50 day simple moving average of $14.11.

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, topping the consensus estimate of ($0.01) by $0.03. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The firm had revenue of $303.44 million during the quarter, compared to analyst estimates of $305.54 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities research analysts anticipate that ANGI Homeservices will post 0.19 EPS for the current fiscal year.

In other ANGI Homeservices news, CEO William B. Ridenour sold 10,954 shares of ANGI Homeservices stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $15.71, for a total transaction of $172,087.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bowman Angela R. Hicks sold 18,724 shares of ANGI Homeservices stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $14.67, for a total value of $274,681.08. The disclosure for this sale can be found here. Insiders have sold 288,879 shares of company stock worth $4,324,264 in the last 90 days. Company insiders own 13.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can raised its stake in 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 valued at $97,000 after buying an additional 3,664 shares during the last quarter. First Manhattan Co. lifted its holdings in shares of ANGI Homeservices by 145.0% in the 1st quarter. First Manhattan Co. now owns 8,575 shares of the technology company’s stock valued at $132,000 after acquiring an additional 5,075 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in ANGI Homeservices in the 4th quarter worth about $165,000. Parametrica Management Ltd purchased a new stake in ANGI Homeservices in the 1st quarter worth about $176,000. Finally, Marshall Wace North America L.P. purchased a new stake in ANGI Homeservices in the 1st quarter worth about $220,000. Institutional investors and hedge funds own 14.38% of the company’s stock.

ANGI Homeservices Company Profile

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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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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