Angie’s List, Inc. (NASDAQ:ANGI) Director Michael S. Maurer sold 16,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $12.28, for a total value of $202,620.00. Following the completion of the transaction, the director now directly owns 62,563 shares in the company, valued at $768,273.64. The transaction was disclosed in a filing with the SEC, which is available at this link.
Angie’s List, Inc. (NASDAQ ANGI) traded down 1.06% during trading on Friday, hitting $12.17. The stock had a trading volume of 654,266 shares. The stock’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. The firm has a 50 day moving average of $12.24 and a 200-day moving average of $9.41.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $73.87 million. During the same period in the previous year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. Equities analysts predict that Angie’s List, Inc. will post ($0.06) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ANGI. Citadel Advisors LLC acquired a new position in shares of Angie’s List during the first quarter valued at about $103,000. American International Group Inc. increased its position in shares of Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock valued at $140,000 after buying an additional 1,621 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Angie’s List during the first quarter valued at about $153,000. Metropolitan Life Insurance Co. NY increased its position in shares of Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock valued at $174,000 after buying an additional 3,264 shares during 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 valued at $178,000 after buying an additional 1,384 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on ANGI. BidaskClub cut Angie’s List from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut Angie’s List from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine raised Angie’s List from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Piper Jaffray Companies began coverage on Angie’s List in a research report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price objective on the stock. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $8.50 price objective on shares of Angie’s List in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.65.
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.
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