ANGI Homeservices (NASDAQ:ANGI) Sets New 12-Month Low at $12.55

ANGI Homeservices Inc (NASDAQ:ANGI)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $12.55 and last traded at $12.73, with a volume of 226800 shares traded. The stock had previously closed at $13.00.

Several research analysts recently weighed in on ANGI shares. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price objective on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. TheStreet lowered ANGI Homeservices from a “c-” rating to a “d+” rating in a research report on Monday, June 3rd. Zacks Investment Research lowered ANGI Homeservices from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. BidaskClub upgraded ANGI Homeservices from a “strong sell” rating to a “sell” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective (down from $23.00) on shares of ANGI Homeservices in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. ANGI Homeservices presently has an average rating of “Buy” and an average price target of $22.69.

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 business has a 50 day simple moving average of $13.60. The stock has a market cap of $6.79 billion, a P/E ratio of 85.13, a price-to-earnings-growth ratio of 2.90 and a beta of 1.94.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly 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. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The company had revenue of $303.44 million for the quarter, compared to analysts’ expectations of $305.54 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. Research analysts predict that ANGI Homeservices Inc will post 0.19 EPS for the current fiscal year.

In other news, CMO Allison Lowrie sold 7,602 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $15.13, for a total value of $115,018.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Craig M. Smith sold 3,823 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $13.02, for a total value of $49,775.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,100,320 shares of company stock worth $15,345,493. Insiders own 13.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of ANGI Homeservices by 3.6% in the fourth quarter. Northern Trust Corp now owns 336,846 shares of the technology company’s stock worth $5,414,000 after acquiring an additional 11,785 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ANGI Homeservices by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 221,787 shares of the technology company’s stock worth $3,564,000 after acquiring an additional 6,442 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ANGI Homeservices by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 447,798 shares of the technology company’s stock worth $7,196,000 after acquiring an additional 22,433 shares during the last quarter. Bank of America Corp DE grew its stake in shares of ANGI Homeservices by 28.4% in the fourth quarter. Bank of America Corp DE now owns 38,471 shares of the technology company’s stock worth $618,000 after acquiring an additional 8,504 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of ANGI Homeservices in the fourth quarter worth $165,000. Institutional investors and hedge funds own 14.40% of the company’s stock.

ANGI Homeservices Company Profile (NASDAQ:ANGI)

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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