ANGI Homeservices (ANGI) Stock Price Down 6.2%

Shares of ANGI Homeservices Inc (NASDAQ:ANGI) fell 6.2% during mid-day trading on Thursday . The stock traded as low as $17.72 and last traded at $17.89. 5,210,878 shares changed hands during trading, an increase of 582% from the average session volume of 764,148 shares. The stock had previously closed at $19.08.

Several research firms have recently issued reports on ANGI. Wedbush began coverage on ANGI Homeservices in a research note on Thursday, September 13th. They set an “outperform” rating and a $26.00 price target for the company. UBS Group upped their price target on ANGI Homeservices from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Raymond James upped their price target on ANGI Homeservices from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 3rd. BidaskClub upgraded ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research upgraded ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, August 13th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.91.

The company has a market cap of $1.26 billion, a price-to-earnings ratio of -81.32, a P/E/G ratio of 6.46 and a beta of 2.20. 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 announced its earnings results on Wednesday, November 7th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. ANGI Homeservices had a negative return on equity of 10.01% and a negative net margin of 12.14%. The firm had revenue of $303.10 million during the quarter, compared to the consensus estimate of $296.57 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was up 66.8% compared to the same quarter last year. As a group, equities analysts forecast that ANGI Homeservices Inc will post 0.12 earnings per share for the current year.

In related news, Director Bowman Angela R. Hicks sold 10,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 36,301 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $22.54, for a total value of $818,224.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,607 shares of company stock valued at $1,521,458. 20.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. IFG Advisory LLC bought a new stake in ANGI Homeservices during the 3rd quarter valued at approximately $987,000. Engineers Gate Manager LP boosted its stake in ANGI Homeservices by 21.7% during the 3rd quarter. Engineers Gate Manager LP now owns 69,171 shares of the technology company’s stock valued at $1,624,000 after purchasing an additional 12,350 shares during the period. Waratah Capital Advisors Ltd. bought a new stake in ANGI Homeservices during the 3rd quarter valued at approximately $2,267,000. RWC Asset Management LLP boosted its stake in ANGI Homeservices by 30.1% during the 3rd quarter. RWC Asset Management LLP now owns 819,828 shares of the technology company’s stock valued at $19,250,000 after purchasing an additional 189,828 shares during the period. Finally, United Services Automobile Association bought a new stake in ANGI Homeservices during the 2nd quarter valued at approximately $324,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first reported by WKRB News and is the property of of WKRB News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.wkrb13.com/2018/11/09/angi-homeservices-angi-stock-price-down-6-2.html.

About ANGI Homeservices (NASDAQ:ANGI)

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.

Recommended Story: 52-Week High/Low Prices For Stock Selection

Receive News & Ratings for ANGI Homeservices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply