ANGI Homeservices (ANGI) Coverage Initiated by Analysts at Nomura
Nomura assumed coverage on shares of ANGI Homeservices (NASDAQ:ANGI) in a research report sent to investors on Friday, The Fly reports. The firm issued a neutral rating and a $20.00 target price on the technology company’s stock. The analysts noted that the move was a valuation call.
Several other research analysts also recently weighed in on the company. BidaskClub downgraded ANGI Homeservices from a strong-buy rating to a buy rating in a research note on Thursday. Wedbush restated an outperform rating and set a $26.00 target price on shares of ANGI Homeservices in a research note on Wednesday. Raymond James boosted their target price on ANGI Homeservices from $20.00 to $25.00 and gave the stock an outperform rating in a research note on Wednesday, October 3rd. UBS Group lifted their price target on ANGI Homeservices from $22.00 to $27.00 and gave the stock a buy rating in a research report on Wednesday, September 26th. Finally, Zacks Investment Research raised ANGI Homeservices from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Monday, August 13th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $19.91.
ANGI stock traded up $0.33 on Friday, hitting $19.21. 629,033 shares of the company’s stock were exchanged, compared to its average volume of 742,560. ANGI Homeservices has a 12-month low of $10.24 and a 12-month high of $23.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -87.32, a price-to-earnings-growth ratio of 7.96 and a beta of 1.76.
In related news, major shareholder Luxor Capital Group, Lp acquired 89,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average price of $23.40 per share, with a total value of $2,082,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,602 shares of company stock valued at $1,423,786. 20.30% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of ANGI. Ostrum Asset Management acquired a new position in shares of ANGI Homeservices in the 1st quarter valued at about $102,000. United Services Automobile Association acquired a new position in shares of ANGI Homeservices in the 2nd quarter valued at about $135,000. Cubist Systematic Strategies LLC acquired a new position in shares of ANGI Homeservices in the 2nd quarter valued at about $168,000. The Manufacturers Life Insurance Company lifted its holdings in shares of ANGI Homeservices by 6,005.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 13,982 shares of the technology company’s stock valued at $190,000 after buying an additional 13,753 shares during the period. Finally, Granahan Investment Management Inc. MA acquired a new position in shares of ANGI Homeservices in the 2nd quarter valued at about $202,000. 96.64% of the stock is owned by institutional investors and hedge funds.
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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