ANGI Homeservices Inc (ANGI) Receives $19.70 Consensus Target Price from Brokerages

Shares of ANGI Homeservices Inc (NASDAQ:ANGI) have earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.70.

ANGI has been the topic of a number of recent research reports. UBS Group upped their price objective on ANGI Homeservices from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. BidaskClub lowered ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research raised ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, August 13th. Nomura initiated coverage on ANGI Homeservices in a research report on Friday, October 12th. They set a “neutral” rating and a $20.00 price objective on the stock. They noted that the move was a valuation call. Finally, BMO Capital Markets upped their price objective on ANGI Homeservices from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th.

NASDAQ:ANGI opened at $17.45 on Monday. ANGI Homeservices has a 52 week low of $10.24 and a 52 week high of $23.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -79.32, a PEG ratio of 6.22 and a beta of 2.20.

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, topping analysts’ consensus estimates of $0.04 by $0.01. ANGI Homeservices had a negative return on equity of 0.53% and a negative net margin of 1.63%. The business had revenue of $303.10 million for the quarter, compared to analyst estimates of $296.57 million. During the same quarter in the prior year, the company earned ($0.17) earnings per share. The company’s revenue was up 66.8% on a year-over-year basis. As a group, analysts anticipate that ANGI Homeservices will post 0.11 EPS for the current fiscal year.

In other news, major shareholder Luxor Capital Group, Lp acquired 89,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were bought at an average price of $23.40 per share, with a total value of $2,082,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 26,306 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was 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. Corporate insiders own 20.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association purchased a new position in ANGI Homeservices in the second quarter valued at about $135,000. Cubist Systematic Strategies LLC purchased a new stake in ANGI Homeservices in the 2nd quarter worth approximately $168,000. Granahan Investment Management Inc. MA purchased a new stake in ANGI Homeservices in the 2nd quarter worth approximately $202,000. CIBC Asset Management Inc purchased a new stake in ANGI Homeservices in the 2nd quarter worth approximately $260,000. Finally, Jane Street Group LLC purchased a new stake in ANGI Homeservices in the 3rd quarter worth approximately $279,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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