BidaskClub Upgrades ANGI Homeservices (ANGI) to “Buy”

BidaskClub upgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of ANGI Homeservices from a hold rating to a strong sell rating in a research report on Wednesday, December 27th. Oppenheimer reissued an outperform rating and set a $14.00 target price on shares of ANGI Homeservices in a research note on Thursday, October 5th. Wells Fargo & Co raised shares of ANGI Homeservices from a market perform rating to an outperform rating and set a $14.00 target price for the company in a research note on Thursday, October 19th. Goldman Sachs Group began coverage on shares of ANGI Homeservices in a research note on Wednesday, October 11th. They set a buy rating and a $14.00 target price for the company. Finally, Evercore ISI began coverage on shares of ANGI Homeservices in a research note on Tuesday, December 5th. They set an in-line rating and a $12.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. ANGI Homeservices has a consensus rating of Hold and an average target price of $12.39.

Shares of ANGI Homeservices (ANGI) traded up $0.14 during trading on Friday, hitting $13.25. 467,489 shares of the company’s stock were exchanged, compared to its average volume of 529,864. The firm has a market capitalization of $830.19, a P/E ratio of -110.41, a P/E/G ratio of 5.30 and a beta of 1.32. ANGI Homeservices has a 1-year low of $10.24 and a 1-year high of $13.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.57 and a current ratio of 0.57.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors purchased a new stake in ANGI Homeservices during the 2nd quarter valued at about $37,217,000. Stephens Investment Management Group LLC grew its stake in 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 valued at $25,166,000 after acquiring an additional 1,926,670 shares in the last quarter. State Street Corp grew its stake in ANGI Homeservices by 6.5% during the 2nd quarter. State Street Corp now owns 766,698 shares of the technology company’s stock valued at $9,803,000 after acquiring an additional 47,008 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in ANGI Homeservices by 31.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 607,595 shares of the technology company’s stock valued at $7,771,000 after acquiring an additional 144,968 shares in the last quarter. Finally, RWC Asset Management LLP purchased a new stake in ANGI Homeservices during the 3rd quarter valued at about $6,230,000. 68.65% of the stock is owned by institutional investors.

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ANGI Homeservices Company Profile

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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