ANGI Homeservices (NASDAQ:ANGI) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of ANGI Homeservices (NASDAQ:ANGI) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning, BidAskClub reports.

ANGI has been the subject of a number of other reports. Aegis initiated coverage on shares of ANGI Homeservices in a research report on Monday, April 8th. They set a buy rating and a $22.00 target price for the company. SunTrust Banks reissued a buy rating and set a $20.00 target price on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. set a €118.00 ($137.21) price target on shares of Deutsche Boerse and gave the company a neutral rating in a research note on Monday, April 29th. Needham & Company LLC cut shares of Acer Therapeutics from a buy rating to a hold rating in a research note on Tuesday, June 25th. Finally, Zacks Investment Research upgraded shares of Garrett Motion from a sell rating to a hold rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $22.92.

Shares of ANGI Homeservices stock traded down $0.02 on Thursday, reaching $13.77. 12,017 shares of the company traded hands, compared to its average volume of 1,243,934. ANGI Homeservices has a 52 week low of $12.76 and a 52 week high of $23.95. The business has a 50 day moving average of $14.13. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 91.80, a PEG ratio of 3.01 and a beta of 2.03. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, May 8th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. The firm had revenue of $303.44 million during the quarter, compared to the consensus estimate of $305.54 million. During the same period in the prior year, the firm earned ($0.02) EPS. The company’s revenue was up 18.9% compared to the same quarter last year. Equities research analysts predict that ANGI Homeservices will post 0.19 EPS for the current year.

In other ANGI Homeservices news, COO Craig M. Smith sold 3,823 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $13.02, for a total value of $49,775.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Allison Lowrie sold 7,626 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $15.57, for a total transaction of $118,736.82. The disclosure for this sale can be found here. Insiders have sold a total of 288,879 shares of company stock worth $4,324,264 over the last 90 days. 13.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its stake in ANGI Homeservices by 140.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock worth $97,000 after purchasing an additional 3,664 shares in the last quarter. United Services Automobile Association lifted its stake in ANGI Homeservices by 13.2% in the 4th quarter. United Services Automobile Association now owns 42,854 shares of the technology company’s stock worth $689,000 after purchasing an additional 5,000 shares in the last quarter. First Manhattan Co. lifted its stake in ANGI Homeservices by 145.0% in the 1st quarter. First Manhattan Co. now owns 8,575 shares of the technology company’s stock worth $132,000 after purchasing an additional 5,075 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in ANGI Homeservices by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 221,787 shares of the technology company’s stock worth $3,564,000 after purchasing an additional 6,442 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in ANGI Homeservices by 28.4% in the 4th quarter. Bank of America Corp DE now owns 38,471 shares of the technology company’s stock worth $618,000 after purchasing an additional 8,504 shares in the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

ANGI Homeservices Company Profile

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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