Angie’s List, Inc. (ANGI) Director Michael S. Maurer Sells 50,000 Shares

Angie’s List, Inc. (NASDAQ:ANGI) Director Michael S. Maurer sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $12.27, for a total transaction of $613,500.00. Following the completion of the transaction, the director now directly owns 62,563 shares of the company’s stock, valued at $767,648.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Angie’s List, Inc. (NASDAQ:ANGI) traded down 1.06% during mid-day trading on Friday, hitting $12.17. 654,266 shares of the stock were exchanged. The company has a 50-day moving average of $12.24 and a 200-day moving average of $9.41. Angie’s List, Inc. has a 52 week low of $5.22 and a 52 week high of $13.28. The stock’s market capitalization is $740.89 million.

Angie’s List (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.10. The firm had revenue of $72.80 million for the quarter, compared to analyst estimates of $73.87 million. Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The company’s revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. On average, equities analysts predict that Angie’s List, Inc. will post ($0.06) EPS for the current fiscal year.

Several research analysts have commented on the stock. Piper Jaffray Companies assumed coverage on shares of Angie’s List in a report on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 price target for the company. Zacks Investment Research downgraded shares of Angie’s List from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Loop Capital downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $8.50 price objective on shares of Angie’s List in a 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 assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.65.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stoneridge Investment Partners LLC purchased a new position in shares of Angie’s List during the first quarter valued at $243,000. Ameriprise Financial Inc. purchased a new position in shares of Angie’s List during the first quarter valued at $1,327,000. Dimensional Fund Advisors LP boosted its position in shares of Angie’s List by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 298,505 shares of the technology company’s stock valued at $2,457,000 after buying an additional 42,476 shares during the last quarter. Teton Advisors Inc. purchased a new position in shares of Angie’s List during the first quarter valued at $517,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Angie’s List during the first quarter valued at $269,000. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

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.