ANGI Homeservices Inc (ANGI) CEO Sells $182,110.32 in Stock

ANGI Homeservices Inc (NASDAQ:ANGI) CEO William B. Ridenour sold 10,997 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $16.56, for a total value of $182,110.32. The sale was disclosed in a document filed with the SEC, which is available through this link.

ANGI stock opened at $15.11 on Wednesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $7.55 billion, a PE ratio of 78.84, a P/E/G ratio of 3.47 and a beta of 2.21. ANGI Homeservices Inc has a 1 year low of $13.80 and a 1 year high of $23.95.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $303.44 million during the quarter, compared to analyst estimates of $305.54 million. ANGI Homeservices had a return on equity of 8.11% and a net margin of 8.15%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) earnings per share. Equities research analysts predict that ANGI Homeservices Inc will post 0.17 EPS for the current fiscal year.

ANGI has been the subject of a number of research analyst reports. ValuEngine cut ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Monday, March 11th. BidaskClub raised ANGI Homeservices from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised ANGI Homeservices from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, January 15th. Goldman Sachs Group initiated coverage on ANGI Homeservices in a report on Monday, February 4th. They set a “buy” rating and a $20.00 target price for the company. Finally, TheStreet raised ANGI Homeservices from a “d+” rating to a “c-” rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.86.

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of ANGI Homeservices by 17.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 75,246 shares of the technology company’s stock worth $1,767,000 after buying an additional 11,358 shares during the period. BlackRock Inc. grew its position in shares of ANGI Homeservices by 69.2% during the 3rd quarter. BlackRock Inc. now owns 1,718,505 shares of the technology company’s stock worth $40,352,000 after buying an additional 702,579 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of ANGI Homeservices during the 3rd quarter worth approximately $3,413,000. Jane Street Group LLC acquired a new stake in shares of ANGI Homeservices during the 3rd quarter worth approximately $279,000. Finally, Vanguard Group Inc. grew its position in shares of ANGI Homeservices by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,985,047 shares of the technology company’s stock worth $117,049,000 after buying an additional 133,122 shares during the period. Institutional investors and hedge funds own 13.37% of the company’s stock.

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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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