ANGI Homeservices (NASDAQ:ANGI) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of ANGI Homeservices (NASDAQ:ANGI) from a hold rating to a sell rating in a research report report published on Wednesday, June 26th, BidAskClub reports.

A number of other brokerages have also commented on ANGI. SunTrust Banks restated a buy rating and set a $20.00 price objective on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. Zacks Investment Research raised Garrett Motion from a sell rating to a hold rating in a report on Friday, May 10th. ValuEngine downgraded Wolverine World Wide from a hold rating to a sell rating in a report on Monday, May 20th. JPMorgan Chase & Co. set a €118.00 ($137.21) price objective on Deutsche Boerse and gave the company a neutral rating in a report on Monday, April 29th. Finally, Needham & Company LLC downgraded Acer Therapeutics from a buy rating to a hold rating in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. ANGI Homeservices presently has an average rating of Buy and an average target price of $22.69.

ANGI Homeservices stock traded down $0.08 during trading hours on Wednesday, hitting $13.09. 917,224 shares of the stock were exchanged, compared to its average volume of 1,076,924. ANGI Homeservices has a 12 month low of $12.76 and a 12 month high of $23.95. The stock has a 50-day moving average of $14.04. The stock has a market capitalization of $6.85 billion, a PE ratio of 87.27, a P/E/G ratio of 2.93 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 issued its earnings results on Wednesday, May 8th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $303.44 million during the quarter, compared to the consensus estimate of $305.54 million. ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. As a group, sell-side analysts expect that ANGI Homeservices will post 0.19 EPS for the current year.

In other ANGI Homeservices news, COO Craig M. Smith sold 4,004 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $16.03, for a total transaction of $64,184.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William B. Ridenour sold 10,989 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $16.29, for a total value of $179,010.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,102,012 shares of company stock valued at $15,530,856. Insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ANGI. FMR LLC increased its position in shares of ANGI Homeservices by 41.0% during the fourth quarter. FMR LLC now owns 12,028,354 shares of the technology company’s stock worth $193,297,000 after acquiring an additional 3,497,745 shares during the last quarter. SQN Investors LP boosted its position in shares of ANGI Homeservices by 37.3% in the 1st 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 period. BlackRock Inc. boosted its position in shares of ANGI Homeservices by 73.4% in the 4th quarter. BlackRock Inc. now owns 2,980,384 shares of the technology company’s stock valued at $47,894,000 after purchasing an additional 1,261,879 shares during the period. Two Sigma Investments LP boosted its position in shares of ANGI Homeservices by 237.9% in the 4th quarter. Two Sigma Investments LP now owns 1,022,264 shares of the technology company’s stock valued at $16,428,000 after purchasing an additional 719,773 shares during the period. Finally, Millennium Management LLC boosted its position in shares of ANGI Homeservices by 223.0% in the 4th quarter. Millennium Management LLC now owns 667,761 shares of the technology company’s stock valued at $10,731,000 after purchasing an additional 461,052 shares during the period. 14.38% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: What are Closed-End Mutual Funds?

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

Receive News & Ratings for ANGI Homeservices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices and related companies with MarketBeat.com's FREE daily email newsletter.