Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Angie’s List (NASDAQ:ANGI) Share Price

Media headlines about Angie’s List (NASDAQ:ANGI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Angie’s List earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.611629574834 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

• Xcel Energy (XEL) Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
• Angie’s List, Inc. (ANGI) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
• Exxon Mobil Q2 Earnings, Revenue Miss; Chevron Results Ahead (thedailyzipper.com)
• ‘Angie Tribeca’ renewed for a fourth season; Bobby Cannavale joins ensemble (healthcaremenu.net)
• ANGIE LIST : Bluebook teams with Angie’s List to provide a home improvement project cost estimating solution for their service providers / contractors (4-traders.com)

ANGI has been the topic of a number of analyst reports. Zacks Investment Research upgraded Angie’s List from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC lowered Angie’s List from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Loop Capital lowered Angie’s List from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Cowen and Company reiterated a “hold” rating and issued a $8.50 price target on shares of Angie’s List in a research report on Friday, July 14th. Finally, ValuEngine upgraded Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $10.54.

Shares of Angie’s List (ANGI) traded down 0.72% during mid-day trading on Friday, hitting $12.49. The stock had a trading volume of 118,513 shares. The stock’s 50-day moving average price is $12.44 and its 200-day moving average price is $8.74. Angie’s List has a 52-week low of $5.22 and a 52-week high of $13.13. The firm’s market cap is $752.81 million.

Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $73.87 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, analysts anticipate that Angie’s List will post ($0.05) earnings per share for the current fiscal year.

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About Angie’s List

Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.