ANGI Homeservices (NASDAQ:ANGI) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “ANGI Homeservices Inc. provides digital marketplace for home services. The Company’s brand portfolio includes HomeAdvisor(R), Angie’sList, mHelpDesk, HomeStars, Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. It operates primarily in Canada, France, Germany, UK, Netherlands and Italy. ANGI Homeservices Inc., formerly known as Angie’s List Inc., is headquartered in Golden, Colo. “

ANGI has been the topic of a number of other reports. BidaskClub cut shares of ANGI Homeservices from a hold rating to a sell rating in a research report on Saturday, August 10th. Nomura reduced their target price on shares of ANGI Homeservices from $17.00 to $9.00 and set a neutral rating on the stock in a research report on Friday, August 9th. 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. ValuEngine cut shares of ANGI Homeservices from a buy rating to a hold rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a buy rating and set a $20.00 target price (down from $23.00) on shares of ANGI Homeservices in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. ANGI Homeservices has an average rating of Buy and a consensus price target of $19.38.

NASDAQ ANGI opened at $8.19 on Tuesday. The company’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $15.01. ANGI Homeservices has a 52 week low of $8.14 and a 52 week high of $23.95. The company has a current ratio of 2.21, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.16 billion, a P/E ratio of 54.60, a PEG ratio of 2.53 and a beta of 1.94.

ANGI Homeservices (NASDAQ:ANGI) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). ANGI Homeservices had a return on equity of 6.42% and a net margin of 6.53%. The firm had revenue of $343.90 million for the quarter, compared to analyst estimates of $351.19 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts expect that ANGI Homeservices will post 0.12 EPS for the current fiscal year.

In related news, CEO William B. Ridenour sold 10,878 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $14.32, for a total value of $155,772.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Craig M. Smith sold 3,966 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $14.69, for a total transaction of $58,260.54. The disclosure for this sale can be found here. Insiders sold 1,088,166 shares of company stock worth $15,050,879 over the last ninety days. 13.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ANGI. Echo Street Capital Management LLC raised its holdings in ANGI Homeservices by 999.1% in the second quarter. Echo Street Capital Management LLC now owns 1,650,926 shares of the technology company’s stock valued at $21,479,000 after acquiring an additional 1,500,720 shares in the last quarter. SQN Investors LP increased its stake in ANGI Homeservices by 37.3% during the first quarter. SQN Investors LP now owns 4,886,483 shares of the technology company’s stock valued at $75,447,000 after purchasing an additional 1,327,312 shares during the last quarter. ShawSpring Partners LLC bought a new stake in ANGI Homeservices during the second quarter valued at $16,320,000. Renaissance Technologies LLC increased its stake in ANGI Homeservices by 71.8% during the second quarter. Renaissance Technologies LLC now owns 2,334,500 shares of the technology company’s stock valued at $30,372,000 after purchasing an additional 976,000 shares during the last quarter. Finally, Incline Global Management LLC bought a new stake in ANGI Homeservices during the second quarter valued at $10,446,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

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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