ANGI Homeservices (ANGI) Stock Rating Lowered by BidaskClub

ANGI Homeservices (NASDAQ:ANGI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

A number of other equities analysts have also recently commented on ANGI. Zacks Investment Research cut ANGI Homeservices from a “buy” rating to a “hold” rating in a report on Friday, May 10th. ValuEngine cut ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Monday, March 11th. TheStreet raised ANGI Homeservices from a “d+” rating to a “c-” rating in a report on Friday, February 8th. Aegis began coverage on ANGI Homeservices in a report on Monday, April 8th. They set a “buy” rating and a $22.00 price target for the company. Finally, Goldman Sachs Group began coverage on ANGI Homeservices in a report on Monday, February 4th. They set a “buy” rating and a $20.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.86.

ANGI Homeservices stock opened at $15.43 on Tuesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. ANGI Homeservices has a 52 week low of $13.80 and a 52 week high of $23.95. The firm has a market cap of $7.55 billion, a PE ratio of 102.87, a price-to-earnings-growth ratio of 3.47 and a beta of 2.21.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The company had revenue of $303.44 million during the quarter, compared to analysts’ expectations of $305.54 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. ANGI Homeservices’s revenue was up 18.9% on a year-over-year basis. As a group, research analysts forecast that ANGI Homeservices will post 0.17 EPS for the current year.

In other ANGI Homeservices news, CMO Allison Lowrie sold 7,602 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $15.13, for a total value of $115,018.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Craig M. Smith sold 3,996 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $15.15, for a total value of $60,539.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 442,934 shares of company stock valued at $7,216,488. Insiders own 20.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new position in ANGI Homeservices in the 4th quarter worth about $34,000. First Manhattan Co. acquired a new stake in shares of ANGI Homeservices in the fourth quarter valued at about $56,000. Great West Life Assurance Co. Can increased its stake in shares of ANGI Homeservices by 140.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock valued at $97,000 after buying an additional 3,664 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of ANGI Homeservices in the fourth quarter valued at about $165,000. Finally, Parametrica Management Ltd acquired a new stake in shares of ANGI Homeservices in the first quarter valued at about $176,000. 13.37% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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