ANGI Homeservices Sees Unusually High Options Volume (ANGI)

ANGI Homeservices Inc (NASDAQ:ANGI) was the recipient of some unusual options trading on Wednesday. Investors purchased 1,467 put options on the company. This is an increase of 2,834% compared to the typical volume of 50 put options.

ANGI stock opened at $19.08 on Thursday. The company has a market capitalization of $1.26 billion, a PE ratio of -86.73, a PEG ratio of 6.46 and a beta of 2.20. ANGI Homeservices has a twelve month low of $10.24 and a twelve month high of $23.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.06 and a quick ratio of 2.06.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $303.10 million during the quarter, compared to the consensus estimate of $296.57 million. ANGI Homeservices had a negative return on equity of 10.01% and a negative net margin of 12.14%. The company’s revenue was up 66.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.17) earnings per share. On average, sell-side analysts predict that ANGI Homeservices will post 0.12 EPS for the current year.

ANGI has been the subject of a number of research analyst reports. BidaskClub downgraded ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. ValuEngine raised ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Wells Fargo & Co increased their price objective on ANGI Homeservices from $16.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, August 10th. BMO Capital Markets increased their price objective on ANGI Homeservices from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Finally, Zacks Investment Research raised ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, August 13th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.91.

In related news, Director Bowman Angela R. Hicks sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bowman Angela R. Hicks sold 26,306 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $19.13, for a total value of $503,233.78. The disclosure for this sale can be found here. Insiders sold 72,607 shares of company stock valued at $1,521,458 over the last ninety days. 20.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. IFG Advisory LLC acquired a new stake in shares of ANGI Homeservices during the third quarter worth $987,000. Engineers Gate Manager LP lifted its holdings in shares of ANGI Homeservices by 21.7% during the third quarter. Engineers Gate Manager LP now owns 69,171 shares of the technology company’s stock worth $1,624,000 after purchasing an additional 12,350 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in shares of ANGI Homeservices during the third quarter worth $2,267,000. RWC Asset Management LLP lifted its holdings in shares of ANGI Homeservices by 30.1% during the third quarter. RWC Asset Management LLP now owns 819,828 shares of the technology company’s stock worth $19,250,000 after purchasing an additional 189,828 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of ANGI Homeservices during the second quarter worth $324,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

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About ANGI Homeservices

ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.

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