ANGI Homeservices (NASDAQ:ANGI) Trading Up 6%


Share on StockTwits

ANGI Homeservices Inc. (NASDAQ:ANGI)’s stock price was up 6% during mid-day trading on Thursday . The stock traded as high as $15.26 and last traded at $15.26. Approximately 33,987 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 2,501,382 shares. The stock had previously closed at $14.40.

Several research analysts recently issued reports on ANGI shares. BTIG Research cut ANGI Homeservices from a “buy” rating to a “neutral” rating in a research note on Friday, February 5th. Zacks Investment Research cut ANGI Homeservices from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on ANGI Homeservices from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 14th. Credit Suisse Group increased their target price on ANGI Homeservices from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Monday, February 1st. Finally, JPMorgan Chase & Co. increased their target price on ANGI Homeservices from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.99.

The firm has a fifty day moving average price of $15.25 and a 200 day moving average price of $12.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.82 and a current ratio of 3.82. The stock has a market cap of $7.69 billion, a PE ratio of 1,521.52 and a beta of 1.88.

ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, February 2nd. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). ANGI Homeservices had a net margin of 0.56% and a return on equity of 0.62%. The business had revenue of $359.30 million for the quarter, compared to analysts’ expectations of $357.17 million. The company’s revenue was up 11.8% on a year-over-year basis.

In related news, CMO Allison Lowrie sold 44,132 shares of the firm’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $15.39, for a total value of $679,191.48. Following the completion of the transaction, the chief marketing officer now owns 500,000 shares in the company, valued at approximately $7,695,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction on Friday, January 15th. The stock was sold at an average price of $12.11, for a total value of $121,100.00. Following the completion of the transaction, the director now owns 308,606 shares of the company’s stock, valued at approximately $3,737,218.66. The disclosure for this sale can be found here. Insiders sold a total of 141,037 shares of company stock valued at $2,331,081 in the last 90 days. 17.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of ANGI. Dimensional Fund Advisors LP grew its position in ANGI Homeservices by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 282,271 shares of the technology company’s stock worth $3,725,000 after purchasing an additional 20,533 shares during the period. Hudson Bay Capital Management LP acquired a new stake in ANGI Homeservices during the 4th quarter worth about $1,979,000. Norges Bank acquired a new stake in ANGI Homeservices during the 4th quarter worth about $2,638,000. UBS Asset Management Americas Inc. grew its position in ANGI Homeservices by 60.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 109,517 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 41,048 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ANGI Homeservices during the 4th quarter worth about $384,000. Institutional investors own 13.33% of the company’s stock.

ANGI Homeservices Company Profile (NASDAQ:ANGI)

ANGI Homeservices Inc offers home service professionals in the United States and internationally. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects; provides consumers with tools and resources to find local, pre-screened, and customer-rated service professionals, as well as offers online appointment booking; and connects consumers with service professionals by telephone, as well as offers several home services-related resources.

Recommended Story: What are popular range trading strategies?

Receive News & Ratings for ANGI Homeservices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices and related companies with MarketBeat.com's FREE daily email newsletter.