ANGI Homeservices (NASDAQ:ANGI) Lifted to “Sell” at BidaskClub

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

A number of other research analysts have also commented on ANGI. JPMorgan Chase & Co. set a €118.00 ($137.21) price objective on shares of Deutsche Boerse and gave the company a neutral rating in a research note on Monday, April 29th. TheStreet lowered shares of Viavi Solutions from a b- rating to a c+ rating in a research note on Monday, June 3rd. Needham & Company LLC lowered shares of Acer Therapeutics from a buy rating to a hold rating in a research note on Tuesday, June 25th. ValuEngine lowered shares of Wolverine World Wide from a hold rating to a sell rating in a research note on Monday, May 20th. Finally, Aegis started coverage on shares of ANGI Homeservices in a research note on Monday, April 8th. They set a buy rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $22.92.

Shares of NASDAQ:ANGI opened at $13.82 on Thursday. The company has a 50 day moving average price of $14.11. ANGI Homeservices has a 52 week low of $12.76 and a 52 week high of $23.95. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 72.74, a P/E/G ratio of 2.99 and a beta of 2.03. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.



ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. The company had revenue of $303.44 million for the quarter, compared to analyst estimates of $305.54 million. During the same quarter last year, the business earned ($0.02) earnings per share. ANGI Homeservices’s revenue was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that ANGI Homeservices will post 0.19 EPS for the current fiscal year.

In other ANGI Homeservices news, COO Craig M. Smith sold 3,823 shares of ANGI Homeservices stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $13.02, for a total value of $49,775.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bowman Angela R. Hicks sold 18,724 shares of ANGI Homeservices stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $14.67, for a total transaction of $274,681.08. The disclosure for this sale can be found here. Insiders have sold 288,879 shares of company stock worth $4,324,264 in the last quarter. Company insiders own 13.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can grew its position in 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 worth $97,000 after buying an additional 3,664 shares during the last quarter. United Services Automobile Association grew its position in ANGI Homeservices by 13.2% in the fourth quarter. United Services Automobile Association now owns 42,854 shares of the technology company’s stock worth $689,000 after buying an additional 5,000 shares during the last quarter. First Manhattan Co. grew its position in ANGI Homeservices by 145.0% in the first quarter. First Manhattan Co. now owns 8,575 shares of the technology company’s stock worth $132,000 after buying an additional 5,075 shares during the last quarter. Dimensional Fund Advisors LP grew its position in ANGI Homeservices by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 221,787 shares of the technology company’s stock worth $3,564,000 after buying an additional 6,442 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in ANGI Homeservices by 28.4% in the 4th quarter. Bank of America Corp DE now owns 38,471 shares of the technology company’s stock worth $618,000 after purchasing an additional 8,504 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.

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.

See Also: Institutional Investors

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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