ANGI Homeservices (NASDAQ:ANGI) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of ANGI Homeservices (NASDAQ:ANGI) from a buy rating to a hold rating in a report issued on Wednesday, 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. “

A number of other equities research analysts also recently issued reports on ANGI. Needham & Company LLC increased their target price on shares of ANGI Homeservices from $13.00 to $17.00 and gave the stock a buy rating in a research report on Wednesday, June 24th. Nomura Instinet cut their target price on shares of ANGI Homeservices from $9.00 to $7.00 and set a neutral rating for the company in a research report on Monday, April 20th. BMO Capital Markets increased their target price on shares of ANGI Homeservices from $10.00 to $16.00 and gave the stock an outperform rating in a research report on Tuesday, June 23rd. ValuEngine upgraded shares of ANGI Homeservices from a hold rating to a buy rating in a research report on Friday, May 1st. Finally, BidaskClub upgraded shares of ANGI Homeservices from a buy rating to a strong-buy rating in a research report on Wednesday, May 27th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $12.21.

Shares of NASDAQ:ANGI traded up $0.36 during mid-day trading on Wednesday, hitting $13.45. The stock had a trading volume of 608,922 shares, compared to its average volume of 2,576,426. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $6.02 billion, a PE ratio of 465.82 and a beta of 2.06. ANGI Homeservices has a 12-month low of $4.10 and a 12-month high of $14.25. The company’s 50 day moving average is $11.49 and its 200-day moving average is $8.30.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, May 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. ANGI Homeservices had a net margin of 1.16% and a return on equity of 1.20%. The company had revenue of $343.65 million during the quarter, compared to the consensus estimate of $341.90 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that ANGI Homeservices will post -0.08 EPS for the current fiscal year.

In related news, major shareholder Luxor Capital Group, Lp sold 229,934 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $12.67, for a total value of $2,913,263.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Craig M. Smith sold 75,928 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $8.78, for a total transaction of $666,647.84. Following the completion of the transaction, the chief operating officer now owns 194,534 shares in the company, valued at $1,708,008.52. The disclosure for this sale can be found here. Insiders sold a total of 2,282,511 shares of company stock worth $20,539,940 over the last quarter. 17.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can bought a new stake in ANGI Homeservices in the 4th quarter valued at $60,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ANGI Homeservices by 254.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the technology company’s stock valued at $57,000 after purchasing an additional 7,851 shares during the period. Parametrica Management Ltd bought a new stake in ANGI Homeservices in the 1st quarter valued at $72,000. Victory Capital Management Inc. boosted its holdings in ANGI Homeservices by 23.1% in the 4th quarter. Victory Capital Management Inc. now owns 14,592 shares of the technology company’s stock valued at $124,000 after purchasing an additional 2,735 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in ANGI Homeservices in the 4th quarter valued at $127,000. Institutional investors and hedge funds own 18.34% 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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