ANGI Homeservices (NASDAQ:ANGI) Stock Price Down 5.4%

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ANGI Homeservices Inc (NASDAQ:ANGI)’s stock price dropped 5.4% during trading on Wednesday . The company traded as low as $7.18 and last traded at $7.20, approximately 2,603,046 shares changed hands during trading. An increase of 95% from the average daily volume of 1,332,168 shares. The stock had previously closed at $7.61.

ANGI has been the topic of a number of research analyst reports. Raymond James decreased their price objective on shares of ANGI Homeservices from $22.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. BMO Capital Markets decreased their price objective on shares of ANGI Homeservices from $20.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Evercore ISI reissued a “hold” rating and set a $11.00 price objective on shares of ANGI Homeservices in a report on Monday, August 12th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective (down previously from $23.00) on shares of ANGI Homeservices in a report on Tuesday, June 25th. Finally, Citigroup initiated coverage on shares of ANGI Homeservices in a report on Tuesday. They set a “neutral” rating and a $9.50 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.75.

The company has a market cap of $3.86 billion, a P/E ratio of 48.70 and a beta of 2.16. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average price is $8.97 and its 200-day moving average price is $13.58.

ANGI Homeservices (NASDAQ:ANGI) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $343.90 million during the quarter, compared to the consensus estimate of $351.19 million. ANGI Homeservices had a net margin of 6.53% and a return on equity of 6.42%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. Analysts predict that ANGI Homeservices Inc will post 0.08 earnings per share for the current fiscal year.

In related news, CMO Allison Lowrie sold 7,567 shares of ANGI Homeservices stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $13.64, for a total transaction of $103,213.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of ANGI Homeservices stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.99, for a total transaction of $79,900.00. Insiders sold a total of 978,194 shares of company stock worth $13,364,698 in the last ninety days. Insiders own 13.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. bought a new position in ANGI Homeservices during the 2nd quarter worth approximately $4,562,000. Allianz Asset Management GmbH boosted its stake in ANGI Homeservices by 1,371.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 491,135 shares of the technology company’s stock worth $7,460,000 after acquiring an additional 457,750 shares during the last quarter. FMR LLC boosted its stake in ANGI Homeservices by 3.4% during the 1st quarter. FMR LLC now owns 12,437,965 shares of the technology company’s stock worth $192,041,000 after acquiring an additional 409,611 shares during the last quarter. Tiverton Asset Management LLC bought a new position in ANGI Homeservices during the 2nd quarter worth approximately $267,000. Finally, Juncture Wealth Strategies LLC boosted its stake in ANGI Homeservices by 6.3% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 33,489 shares of the technology company’s stock worth $436,000 after acquiring an additional 1,995 shares during the last quarter. 13.94% of the stock is currently owned by institutional investors and hedge funds.

About ANGI Homeservices (NASDAQ:ANGI)

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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