ANGI Homeservices (NASDAQ:ANGI) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a strong sell rating to a sell rating in a research note released on Tuesday morning, BidAskClub reports.

ANGI has been the topic of a number of other reports. Benchmark assumed coverage on ANGI Homeservices in a report on Tuesday, February 4th. They issued a buy rating and a $12.00 price target on the stock. Nomura restated a hold rating and issued a $9.00 price target on shares of ANGI Homeservices in a report on Sunday, February 9th. Zacks Investment Research upgraded ANGI Homeservices from a sell rating to a hold rating in a report on Tuesday. Finally, ValuEngine upgraded ANGI Homeservices from a hold rating to a buy rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $13.71.

Shares of ANGI Homeservices stock traded down $0.16 during trading on Tuesday, reaching $8.36. The stock had a trading volume of 158,433 shares, compared to its average volume of 1,604,759. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 119.59 and a beta of 2.05. The stock has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $8.26. ANGI Homeservices has a 52 week low of $6.39 and a 52 week high of $18.62. The company has a current ratio of 2.33, a quick ratio of 2.20 and a debt-to-equity ratio of 0.18.

In related news, CFO Jamie Cohen sold 4,474 shares of ANGI Homeservices stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $8.18, for a total value of $36,597.32. Following the sale, the chief financial officer now owns 5,807 shares of the company’s stock, valued at $47,501.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of ANGI Homeservices stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $8.34, for a total value of $83,400.00. Following the completion of the sale, the director now directly owns 421,079 shares in the company, valued at approximately $3,511,798.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,950 shares of company stock worth $291,731. 13.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its position in ANGI Homeservices by 20.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 14,100 shares of the technology company’s stock worth $119,000 after buying an additional 2,400 shares during the last quarter. First Trust Advisors LP increased its position in ANGI Homeservices by 9.3% during the third quarter. First Trust Advisors LP now owns 28,628 shares of the technology company’s stock worth $203,000 after buying an additional 2,444 shares during the last quarter. Victory Capital Management Inc. increased its position in ANGI Homeservices by 23.1% during the fourth quarter. Victory Capital Management Inc. now owns 14,592 shares of the technology company’s stock worth $124,000 after buying an additional 2,735 shares during the last quarter. Neo Ivy Capital Management boosted its holdings in shares of ANGI Homeservices by 19.1% during the third quarter. Neo Ivy Capital Management now owns 31,005 shares of the technology company’s stock worth $241,000 after acquiring an additional 4,975 shares during the period. Finally, Credit Suisse AG boosted its holdings in shares of ANGI Homeservices by 1.3% during the fourth quarter. Credit Suisse AG now owns 507,222 shares of the technology company’s stock worth $4,296,000 after acquiring an additional 6,411 shares during the period. 15.24% of the stock is currently owned by institutional investors and hedge funds.

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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