ANGI Homeservices (ANGI) Rating Increased to Sell at BidaskClub

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BidaskClub upgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a strong sell rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

A number of other equities analysts have also issued reports on ANGI. Needham & Company LLC started coverage on shares of ANGI Homeservices in a research report on Tuesday, January 8th. They set a buy rating and a $23.00 target price on the stock. TheStreet lowered shares of ANGI Homeservices from a c- rating to a d+ rating in a research report on Tuesday, January 8th. Zacks Investment Research upgraded shares of ANGI Homeservices from a hold rating to a buy rating and set a $17.00 target price on the stock in a research report on Tuesday, January 15th. Goldman Sachs Group started coverage on shares of ANGI Homeservices in a research report on Monday, February 4th. They set a buy rating and a $20.00 target price on the stock. Finally, ValuEngine lowered shares of ANGI Homeservices from a strong-buy rating to a buy rating in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $22.86.

Shares of ANGI stock opened at $18.02 on Tuesday. ANGI Homeservices has a 1 year low of $12.99 and a 1 year high of $23.95. The company has a market cap of $8.76 billion, a PE ratio of 120.13, a P/E/G ratio of 3.89 and a beta of 2.21. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.19.

ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. ANGI Homeservices had a net margin of 6.83% and a return on equity of 6.96%. The company had revenue of $279.00 million for the quarter, compared to analyst estimates of $281.28 million. During the same period in the prior year, the business earned ($0.06) earnings per share. ANGI Homeservices’s quarterly revenue was up 25.1% on a year-over-year basis. Research analysts predict that ANGI Homeservices will post 0.18 EPS for the current year.

In related news, COO Craig M. Smith sold 154,036 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $16.54, for a total transaction of $2,547,755.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William B. Ridenour sold 10,982 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $16.47, for a total transaction of $180,873.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 446,407 shares of company stock valued at $7,287,077. 20.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ANGI. FMR LLC raised its stake in shares of ANGI Homeservices by 41.0% during the fourth quarter. FMR LLC now owns 12,028,354 shares of the technology company’s stock worth $193,297,000 after buying an additional 3,497,745 shares during the last quarter. BlackRock Inc. increased its stake in ANGI Homeservices by 73.4% in the fourth quarter. BlackRock Inc. now owns 2,980,384 shares of the technology company’s stock valued at $47,894,000 after purchasing an additional 1,261,879 shares in the last quarter. Two Sigma Investments LP increased its stake in ANGI Homeservices by 237.9% in the fourth quarter. Two Sigma Investments LP now owns 1,022,264 shares of the technology company’s stock valued at $16,428,000 after purchasing an additional 719,773 shares in the last quarter. SQN Investors LP increased its stake in ANGI Homeservices by 17.7% in the fourth quarter. SQN Investors LP now owns 3,559,171 shares of the technology company’s stock valued at $57,196,000 after purchasing an additional 534,176 shares in the last quarter. Finally, Millennium Management LLC increased its stake in ANGI Homeservices by 223.0% in the fourth quarter. Millennium Management LLC now owns 667,761 shares of the technology company’s stock valued at $10,731,000 after purchasing an additional 461,052 shares in the last quarter. 13.40% of the stock is owned by institutional investors and hedge funds.

About ANGI Homeservices

ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.

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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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