ANGI Homeservices (ANGI) Receives “Buy” Rating from Wells Fargo & Co

ANGI Homeservices (NASDAQ:ANGI)‘s stock had its “buy” rating restated by stock analysts at Wells Fargo & Co in a report issued on Thursday, February 8th. They presently have a $15.00 price objective on the technology company’s stock. Wells Fargo & Co’s target price indicates a potential upside of 5.71% from the stock’s previous close.

Several other equities analysts have also issued reports on ANGI. BMO Capital Markets began coverage on ANGI Homeservices in a research report on Tuesday, February 6th. They set an “outperform” rating and a $16.00 target price for the company. ValuEngine lowered ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Oppenheimer restated a “buy” rating and set a $14.00 target price on shares of ANGI Homeservices in a research report on Wednesday, January 3rd. Finally, Evercore ISI began coverage on ANGI Homeservices in a research report on Tuesday, December 5th. They set an “in-line” rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.84.

ANGI Homeservices (NASDAQ:ANGI) traded up $0.30 during trading on Thursday, hitting $14.19. The stock had a trading volume of 2,216,300 shares, compared to its average volume of 790,645. ANGI Homeservices has a 52 week low of $5.22 and a 52 week high of $14.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.53 and a quick ratio of 0.57.

Several large investors have recently added to or reduced their stakes in the company. Park West Asset Management LLC lifted its holdings in shares of ANGI Homeservices by 381.7% during the 4th quarter. Park West Asset Management LLC now owns 1,445,088 shares of the technology company’s stock valued at $15,116,000 after purchasing an additional 1,145,088 shares in the last quarter. Millennium Management LLC bought a new position in shares of ANGI Homeservices during the 4th quarter valued at about $4,582,000. Teachers Advisors LLC lifted its holdings in shares of ANGI Homeservices by 109,044.8% during the 4th quarter. Teachers Advisors LLC now owns 951,743 shares of the technology company’s stock valued at $9,955,000 after purchasing an additional 950,871 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of ANGI Homeservices during the 4th quarter valued at about $341,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of ANGI Homeservices during the 4th quarter valued at about $233,000. Institutional investors and hedge funds own 68.89% 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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