ANGI Homeservices (NASDAQ:ANGI) Downgraded by Zacks Investment Research to Sell

ANGI Homeservices (NASDAQ:ANGI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “

ANGI has been the topic of several other reports. Citigroup initiated coverage on ANGI Homeservices in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $9.50 price objective on the stock. ValuEngine upgraded ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC lowered their price objective on ANGI Homeservices from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. ANGI Homeservices currently has a consensus rating of “Hold” and an average target price of $14.38.

ANGI traded up $0.09 on Tuesday, hitting $8.98. 148,695 shares of the stock traded hands, compared to its average volume of 1,590,918. ANGI Homeservices has a 52 week low of $6.39 and a 52 week high of $18.62. The firm has a market capitalization of $4.51 billion, a PE ratio of 59.83 and a beta of 2.16. The business has a fifty day moving average price of $8.33 and a two-hundred day moving average price of $8.98. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.18.

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

In other news, CFO Jamie Cohen sold 4,476 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $8.81, for a total value of $39,433.56. Following the transaction, the chief financial officer now directly owns 5,807 shares of the company’s stock, valued at approximately $51,159.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Luxor Capital Group, Lp sold 1,213,497 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $6.73, for a total value of $8,166,834.81. Over the last quarter, insiders sold 1,292,973 shares of company stock worth $8,791,768. Corporate insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ANGI. JPMorgan Chase & Co. boosted its holdings in shares of ANGI Homeservices by 69.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,231 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of ANGI Homeservices by 1,495.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,107 shares of the technology company’s stock worth $67,000 after acquiring an additional 4,787 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of ANGI Homeservices by 171,900.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,600 shares of the technology company’s stock worth $72,000 after acquiring an additional 8,595 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $86,000. Finally, Meadow Creek Investment Management LLC acquired a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $107,000. 15.23% of the stock is currently owned by institutional investors and hedge funds.

ANGI Homeservices Company Profile

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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