ANGI Homeservices (NASDAQ:ANGI) had its price target trimmed by BMO Capital Markets from $20.00 to $13.00 in a research report released on Friday, The Fly reports. The brokerage currently has an outperform rating on the technology company’s stock.
Other equities analysts have also issued reports about the stock. Wedbush lowered shares of ANGI Homeservices from an outperform rating to a neutral rating and decreased their target price for the company from $22.00 to $10.00 in a report on Friday. Zacks Investment Research lowered shares of ANGI Homeservices from a buy rating to a hold rating in a report on Monday, July 22nd. SunTrust Banks reiterated a buy rating and issued a $20.00 target price on shares of ANGI Homeservices in a report on Wednesday, May 22nd. Nomura decreased their target price on shares of ANGI Homeservices from $17.00 to $9.00 and set a neutral rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. assumed coverage on shares of ANGI Homeservices in a report on Monday, April 29th. They issued an overweight rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $19.38.
NASDAQ:ANGI opened at $9.01 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 60.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.94. The company has a 50-day moving average price of $12.99. ANGI Homeservices has a 1-year low of $8.51 and a 1-year high of $23.95.
ANGI Homeservices (NASDAQ:ANGI) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $343.90 million during the quarter, compared to analyst estimates of $351.19 million. ANGI Homeservices had a net margin of 6.53% and a return on equity of 6.42%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Sell-side analysts anticipate that ANGI Homeservices will post 0.19 EPS for the current year.
In other news, CEO William B. Ridenour sold 10,925 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $15.45, for a total value of $168,791.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Allison Lowrie sold 7,592 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $14.83, for a total transaction of $112,589.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,089,091 shares of company stock worth $15,135,771. Company insiders own 13.10% of the company’s stock.
Several hedge funds have recently modified their holdings of ANGI. Northern Trust Corp lifted its holdings in shares of ANGI Homeservices by 3.6% in the 4th 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 lifted its holdings in ANGI Homeservices by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 221,787 shares of the technology company’s stock worth $3,564,000 after buying an additional 6,442 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ANGI Homeservices by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 447,798 shares of the technology company’s stock worth $7,196,000 after buying an additional 22,433 shares in the last quarter. Bank of America Corp DE lifted its holdings in ANGI Homeservices by 28.4% during the 4th quarter. Bank of America Corp DE now owns 38,471 shares of the technology company’s stock worth $618,000 after buying an additional 8,504 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in ANGI Homeservices during the 4th quarter worth approximately $165,000. Hedge funds and other institutional investors own 14.40% 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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