Stock Traders Buy High Volume of ANGI Homeservices Call Options (NASDAQ:ANGI)

ANGI Homeservices Inc (NASDAQ:ANGI) saw unusually large options trading activity on Monday. Investors bought 4,858 call options on the stock. This is an increase of 921% compared to the average volume of 476 call options.

Several brokerages have recently commented on ANGI. Raymond James lowered their target price 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. ValuEngine raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reduced their price target on shares of ANGI Homeservices from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Citigroup assumed coverage on shares of ANGI Homeservices in a research report on Tuesday, September 17th. They set a “neutral” rating and a $9.50 price target on the stock. Finally, Zacks Investment Research upgraded shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $14.38.

NASDAQ ANGI opened at $7.94 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 52.93 and a beta of 2.15. The firm’s 50 day simple moving average is $7.41 and its 200 day simple moving average is $10.00. ANGI Homeservices has a 1 year low of $6.39 and a 1 year high of $18.62.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The business had revenue of $357.40 million for the quarter, compared to analyst estimates of $355.59 million. ANGI Homeservices had a net margin of 5.58% and a return on equity of 5.37%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. On average, equities research analysts forecast that ANGI Homeservices will post 0.07 earnings per share for the current year.

In other news, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.99, for a total transaction of $79,900.00. Also, Director Bowman Angela R. Hicks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $6.65, for a total transaction of $33,250.00. Insiders have sold 1,587,858 shares of company stock worth $10,739,585 over the last ninety days. Insiders own 13.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC acquired a new stake in ANGI Homeservices in the second quarter valued at approximately $29,000. JPMorgan Chase & Co. boosted its position in ANGI Homeservices by 69.2% in the second quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock valued at $39,000 after buying an additional 1,231 shares in the last quarter. Aperio Group LLC acquired a new stake in ANGI Homeservices in the second quarter valued at approximately $56,000. Tyers Asset Management LLC acquired a new stake in ANGI Homeservices in the second quarter valued at approximately $61,000. Finally, Tower Research Capital LLC TRC boosted its position in ANGI Homeservices by 1,495.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,107 shares of the technology company’s stock valued at $67,000 after buying an additional 4,787 shares in the last quarter. Institutional investors and hedge funds own 15.23% 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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