Angie’s List, Inc. (NASDAQ:ANGI) Director Michael S. Maurer sold 98,578 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $12.20, for a total transaction of $1,202,651.60. Following the completion of the sale, the director now owns 62,563 shares in the company, valued at $763,268.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Angie’s List, Inc. (ANGI) traded down 1.06% during midday trading on Friday, hitting $12.17. The stock had a trading volume of 654,266 shares. The stock’s 50 day moving average price is $12.25 and its 200 day moving average price is $9.37. The firm’s market cap is $740.89 million. Angie’s List, Inc. has a 12 month low of $5.22 and a 12 month high of $13.28.
Angie’s List (NASDAQ:ANGI) last issued its 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 analysts’ expectations of $73.87 million. During the same quarter in the previous year, the company earned $0.08 EPS. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities analysts forecast that Angie’s List, Inc. will post ($0.06) EPS for the current fiscal year.
ANGI has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Angie’s List from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, July 12th. ValuEngine upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC lowered shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Loop Capital lowered shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub lowered shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Angie’s List presently has an average rating of “Hold” and a consensus price target of $10.65.
Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Angie’s List by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 32,598 shares of the technology company’s stock worth $416,000 after buying an additional 216 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Angie’s List by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock worth $1,954,000 after buying an additional 760 shares in the last quarter. Rhumbline Advisers increased its position in shares of Angie’s List by 2.1% in the second quarter. Rhumbline Advisers now owns 46,347 shares of the technology company’s stock worth $593,000 after buying an additional 966 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Angie’s List by 1.0% in the second quarter. Teachers Advisors LLC now owns 113,913 shares of the technology company’s stock worth $1,457,000 after buying an additional 1,182 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Angie’s List by 4.6% in the first quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock worth $178,000 after buying an additional 1,384 shares in the last quarter. Institutional investors own 70.37% of the company’s stock.
Angie’s List Company Profile
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.
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