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

BidaskClub downgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a sell rating to a strong sell rating in a report issued on Friday morning, BidAskClub reports.

A number of other research firms have also recently weighed in on ANGI. Aegis initiated coverage on shares of ANGI Homeservices in a report on Monday, April 8th. They issued a buy rating and a $22.00 price target on the stock. TheStreet cut shares of Viavi Solutions from a b- rating to a c+ rating in a research note on Monday, June 3rd. Zacks Investment Research upgraded shares of Golub Capital BDC from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Tuesday, July 16th. SunTrust Banks reiterated a buy rating and issued a $20.00 target price on shares of ANGI Homeservices in a research note on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. set a €118.00 ($137.21) target price on shares of Deutsche Boerse and gave the stock a neutral rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $22.69.

NASDAQ:ANGI opened at $13.09 on Friday. ANGI Homeservices has a fifty-two week low of $12.76 and a fifty-two week high of $23.95. The company has a market cap of $6.63 billion, a PE ratio of 87.27, a P/E/G ratio of 2.83 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. The firm has a 50-day moving average price of $14.00.



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

In other ANGI Homeservices news, CEO William B. Ridenour sold 10,794 shares of ANGI Homeservices stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $12.94, for a total transaction of $139,674.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $49,775.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,098,008 shares of company stock valued at $15,466,672. Company insiders own 13.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can lifted its stake in ANGI Homeservices by 140.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock valued at $97,000 after acquiring an additional 3,664 shares during the period. First Manhattan Co. increased its holdings in shares of ANGI Homeservices by 145.0% during the 1st quarter. First Manhattan Co. now owns 8,575 shares of the technology company’s stock valued at $132,000 after purchasing an additional 5,075 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of ANGI Homeservices during the 4th quarter valued at approximately $165,000. Parametrica Management Ltd purchased a new position in shares of ANGI Homeservices during the 1st quarter valued at approximately $176,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of ANGI Homeservices during the 1st quarter valued at approximately $220,000. Institutional investors and hedge funds 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.

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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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