Nomura assumed coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a report published on Friday, The Fly reports. The brokerage issued a neutral rating and a $20.00 price target on the technology company’s stock. The analysts noted that the move was a valuation call.
ANGI has been the subject of several other reports. BidaskClub lowered ANGI Homeservices from a strong-buy rating to a buy rating in a research note on Thursday. Wedbush reiterated an outperform rating and set a $26.00 price objective on shares of ANGI Homeservices in a research note on Wednesday. Zacks Investment Research upgraded ANGI Homeservices from a sell rating to a hold rating in a research note on Tuesday, July 10th. Raymond James boosted their price objective on ANGI Homeservices from $20.00 to $25.00 and gave the stock an outperform rating in a research note on Wednesday, October 3rd. Finally, Guggenheim began coverage on ANGI Homeservices in a research note on Thursday, June 28th. They set a neutral rating for the company. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. ANGI Homeservices currently has an average rating of Buy and a consensus price target of $19.91.
NASDAQ ANGI traded up $0.33 during trading hours on Friday, reaching $19.21. The company’s stock had a trading volume of 629,033 shares, compared to its average volume of 742,560. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -87.32, a PEG ratio of 7.96 and a beta of 1.76. ANGI Homeservices has a 1-year low of $10.24 and a 1-year high of $23.95. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.24.
In related news, major shareholder Luxor Capital Group, Lp purchased 89,000 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $23.40 per share, for a total transaction of $2,082,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $15.42, for a total value of $405,561.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,602 shares of company stock valued at $1,423,786. 20.30% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of ANGI. FMR LLC grew its position in shares of ANGI Homeservices by 2.5% in the second quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock valued at $149,179,000 after purchasing an additional 239,681 shares in the last quarter. Northern Trust Corp grew its position in shares of ANGI Homeservices by 123.4% in the second quarter. Northern Trust Corp now owns 308,619 shares of the technology company’s stock valued at $4,747,000 after purchasing an additional 170,475 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in shares of ANGI Homeservices in the second quarter valued at approximately $1,525,000. Spark Investment Management LLC grew its position in shares of ANGI Homeservices by 145.6% in the second quarter. Spark Investment Management LLC now owns 128,700 shares of the technology company’s stock valued at $1,979,000 after purchasing an additional 76,300 shares in the last quarter. Finally, MYDA Advisors LLC grew its position in shares of ANGI Homeservices by 178.2% in the second quarter. MYDA Advisors LLC now owns 100,000 shares of the technology company’s stock valued at $1,538,000 after purchasing an additional 64,061 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.
ANGI Homeservices Company Profile
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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