ANGI Homeservices (ANGI) Rating Lowered to Sell at ValuEngine

ANGI Homeservices (NASDAQ:ANGI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

ANGI has been the subject of a number of other reports. BidaskClub raised shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, November 1st. Wells Fargo & Co raised shares of ANGI Homeservices from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Thursday, October 19th. CIBC started coverage on shares of ANGI Homeservices in a report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Evercore ISI started coverage on shares of ANGI Homeservices in a report on Tuesday, December 5th. They set an “in-line” rating and a $12.00 price objective for the company. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.39.

ANGI Homeservices (NASDAQ ANGI) opened at $12.19 on Wednesday. ANGI Homeservices has a one year low of $5.22 and a one year high of $13.74. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $753.75 and a price-to-earnings ratio of -99.91.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The firm had revenue of $181.70 million for the quarter, compared to analyst estimates of $184.47 million. ANGI Homeservices had a negative net margin of 17.04% and a negative return on equity of 25.20%. ANGI Homeservices’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) earnings per share. sell-side analysts forecast that ANGI Homeservices will post -0.23 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Davis Selected Advisers raised its position in shares of ANGI Homeservices by 36.9% during the 2nd quarter. Davis Selected Advisers now owns 4,524,585 shares of the technology company’s stock worth $57,869,000 after buying an additional 1,218,944 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of ANGI Homeservices during the 2nd quarter worth about $37,217,000. Stephens Investment Management Group LLC raised its position in shares of ANGI Homeservices by 2,069.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 2,019,753 shares of the technology company’s stock worth $25,166,000 after buying an additional 1,926,670 shares in the last quarter. State Street Corp raised its position in shares of ANGI Homeservices by 6.5% during the 2nd quarter. State Street Corp now owns 766,698 shares of the technology company’s stock worth $9,803,000 after buying an additional 47,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of ANGI Homeservices by 31.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 607,595 shares of the technology company’s stock worth $7,771,000 after buying an additional 144,968 shares in the last quarter. Institutional investors own 68.65% of the company’s stock.

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About ANGI Homeservices

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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