ANGI Homeservices (NASDAQ:ANGI) Earns Overweight Rating from Analysts at KeyCorp

KeyCorp assumed coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a research note issued to investors on Monday morning, 24/7 WallStreet reports. The firm issued an overweight rating and a $15.00 price objective on the technology company’s stock.

Other analysts have also issued research reports about the stock. Citigroup lifted their price target on shares of ANGI Homeservices from $15.00 to $18.00 and gave the company a buy rating in a research report on Tuesday, August 18th. TheStreet raised ANGI Homeservices from a d+ rating to a c- rating in a research report on Tuesday, August 11th. BTIG Research boosted their target price on ANGI Homeservices from $16.00 to $19.00 in a research report on Thursday, July 16th. Wedbush boosted their target price on ANGI Homeservices from $8.00 to $15.00 and gave the company a neutral rating in a research report on Monday, July 13th. Finally, Benchmark boosted their target price on ANGI Homeservices from $12.00 to $18.00 and gave the company a buy rating in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $14.68.

ANGI stock opened at $11.18 on Monday. The firm has a market cap of $5.54 billion, a PE ratio of 279.57 and a beta of 2.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.09 and a current ratio of 2.09. The firm’s 50 day moving average price is $14.01 and its 200-day moving average price is $10.53. ANGI Homeservices has a one year low of $4.10 and a one year high of $17.05.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $375.06 million for the quarter, compared to analyst estimates of $364.45 million. ANGI Homeservices had a net margin of 1.55% and a return on equity of 1.65%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. Equities research analysts predict that ANGI Homeservices will post 0.02 EPS for the current fiscal year.

In related news, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $13.94, for a total transaction of $139,400.00. Following the completion of the transaction, the director now owns 358,606 shares in the company, valued at $4,998,967.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Allison Lowrie sold 105,051 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $14.65, for a total transaction of $1,538,997.15. In the last quarter, insiders have sold 1,530,962 shares of company stock valued at $21,906,157. Insiders own 17.40% of the company’s stock.

Several hedge funds have recently modified their holdings of ANGI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ANGI Homeservices by 254.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the technology company’s stock valued at $57,000 after acquiring an additional 7,851 shares in the last quarter. Parametrica Management Ltd acquired a new position in ANGI Homeservices in the first quarter valued at $72,000. UBS Group AG boosted its stake in ANGI Homeservices by 1,278.2% in the first quarter. UBS Group AG now owns 16,538 shares of the technology company’s stock valued at $86,000 after acquiring an additional 15,338 shares in the last quarter. Arizona State Retirement System acquired a new position in ANGI Homeservices in the first quarter valued at $95,000. Finally, Virtu Financial LLC acquired a new position in ANGI Homeservices in the second quarter valued at $228,000. Hedge funds and other institutional investors own 19.95% 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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