Goldman Sachs Group initiated coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a report released on Monday, February 4th, Marketbeat reports. The firm issued a buy rating and a $20.00 price objective on the technology company’s stock.
ANGI has been the subject of a number of other reports. BidaskClub lowered shares of ANGI Homeservices from a strong-buy rating to a buy rating in a research note on Thursday, October 11th. Wedbush reaffirmed an outperform rating and issued a $26.00 price objective on shares of ANGI Homeservices in a research note on Wednesday, October 10th. Nomura began coverage on shares of ANGI Homeservices in a research note on Friday, October 12th. They issued a neutral rating and a $20.00 price objective for the company. They noted that the move was a valuation call. SunTrust Banks initiated coverage on shares of ANGI Homeservices in a research note on Tuesday, December 18th. They issued a buy rating and a $21.00 price objective for the company. Finally, TheStreet lowered shares of ANGI Homeservices from a c- rating to a d+ rating in a research report on Tuesday, January 8th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. ANGI Homeservices currently has a consensus rating of Buy and a consensus target price of $23.08.
Shares of NASDAQ ANGI traded down $0.04 during mid-day trading on Monday, reaching $16.38. The company had a trading volume of 878,549 shares, compared to its average volume of 1,024,547. The company has a current ratio of 2.36, a quick ratio of 2.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $8.25 billion, a PE ratio of 109.20, a PEG ratio of 4.39 and a beta of 2.06. ANGI Homeservices has a 52 week low of $12.65 and a 52 week high of $23.95.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Thursday, February 7th. The technology company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The firm had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $281.28 million. ANGI Homeservices had a net margin of 6.83% and a return on equity of 6.96%. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, sell-side analysts forecast that ANGI Homeservices will post 0.15 earnings per share for the current year.
In other news, COO Craig M. Smith sold 21,573 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $17.48, for a total transaction of $377,096.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Allison Lowrie sold 13,629 shares of the firm’s stock in a transaction that occurred on Wednesday, January 23rd. The stock was sold at an average price of $16.04, for a total transaction of $218,609.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,717 shares of company stock worth $3,082,344. 20.30% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in ANGI. Massey Quick Simon & CO. LLC acquired a new position in ANGI Homeservices in the 4th quarter valued at about $34,000. Rehmann Capital Advisory Group acquired a new position in shares of ANGI Homeservices in the third quarter valued at approximately $60,000. First Manhattan Co. acquired a new position in shares of ANGI Homeservices in the fourth quarter valued at approximately $56,000. Great West Life Assurance Co. Can increased its holdings in shares of ANGI Homeservices by 140.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock valued at $97,000 after purchasing an additional 3,664 shares during the period. Finally, United Services Automobile Association increased its holdings in shares of ANGI Homeservices by 13.2% in the fourth quarter. United Services Automobile Association now owns 42,854 shares of the technology company’s stock valued at $689,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 12.54% of the company’s stock.
About ANGI Homeservices
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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