Analysts at Nomura started coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a research report issued on Friday, The Fly reports. The firm set a “neutral” rating and a $20.00 price target on the technology company’s stock. Nomura’s target price points to a potential upside of 4.11% from the company’s current price. The analysts noted that the move was a valuation call.
ANGI has been the subject of several other research reports. Raymond James boosted their price objective on ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 3rd. Wedbush started coverage on ANGI Homeservices in a report on Thursday, September 13th. They set an “outperform” rating and a $26.00 price objective for the company. Zacks Investment Research upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub downgraded ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, UBS Group boosted their price objective on ANGI Homeservices from $22.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Three investment 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. ANGI Homeservices currently has an average rating of “Buy” and a consensus target price of $19.91.
Get ANGI Homeservices alerts:NASDAQ ANGI opened at $19.21 on Friday. The company has a market cap of $1.54 billion, a PE ratio of -87.32, a PEG ratio of 7.96 and a beta of 1.76. ANGI Homeservices has a 52 week low of $10.24 and a 52 week high of $23.95. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.24.
ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $294.80 million during the quarter, compared to the consensus estimate of $293.43 million. ANGI Homeservices had a negative return on equity of 10.01% and a negative net margin of 12.14%. The company’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.13) earnings per share. On average, equities analysts anticipate that ANGI Homeservices will post 0.12 earnings per share for the current fiscal year.
In related news, Director Bowman Angela R. Hicks sold 10,000 shares of ANGI Homeservices 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 26,301 shares of ANGI Homeservices stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $15.42, for a total value of $405,561.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,602 shares of company stock worth $1,423,786. 20.30% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in ANGI. FMR LLC boosted its position in shares of ANGI Homeservices by 2.5% during the second quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock valued at $149,179,000 after buying an additional 239,681 shares during the last quarter. Northern Trust Corp boosted its position in ANGI Homeservices by 123.4% in the second quarter. Northern Trust Corp now owns 308,619 shares of the technology company’s stock worth $4,747,000 after purchasing an additional 170,475 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new position in ANGI Homeservices in the second quarter worth $1,525,000. Spark Investment Management LLC boosted its position in ANGI Homeservices by 145.6% in the second quarter. Spark Investment Management LLC now owns 128,700 shares of the technology company’s stock worth $1,979,000 after purchasing an additional 76,300 shares during the last quarter. Finally, MYDA Advisors LLC boosted its position in ANGI Homeservices by 178.2% in the second quarter. MYDA Advisors LLC now owns 100,000 shares of the technology company’s stock worth $1,538,000 after purchasing an additional 64,061 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.
ANGI Homeservices Company Profile
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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