ANGI Homeservices (NASDAQ:ANGI) was upgraded by equities research analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, January 3rd, MarketBeat Ratings reports. The firm presently has a $15.00 target price on the technology company’s stock, up from their prior target price of $13.00. MKM Partners’ price objective would indicate a potential upside of 10.78% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other research analysts have also issued reports on the stock. ValuEngine lowered shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. BidaskClub lowered shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Zacks Investment Research lowered shares of ANGI Homeservices from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. Wells Fargo & Co reiterated a “buy” rating on shares of ANGI Homeservices in a report on Tuesday, December 5th. Finally, Evercore ISI initiated coverage on shares of ANGI Homeservices in a report on Tuesday, December 5th. They set an “in-line” rating and a $12.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.39.

Shares of ANGI Homeservices (ANGI) opened at $13.54 on Wednesday. ANGI Homeservices has a 12 month low of $5.22 and a 12 month high of $13.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.57 and a quick ratio of 0.57.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.18). The firm had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $184.47 million. ANGI Homeservices had a negative net margin of 17.04% and a negative return on equity of 25.20%. ANGI Homeservices’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.28) earnings per share. equities analysts expect that ANGI Homeservices will post -0.19 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ANGI. Russell Investments Group Ltd. purchased a new position in ANGI Homeservices in the second quarter valued at approximately $1,133,000. Schwab Charles Investment Management Inc. grew its position in ANGI Homeservices by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock valued at $1,954,000 after acquiring an additional 760 shares in the last quarter. Rhumbline Advisers grew its position in ANGI Homeservices by 2.1% in the second quarter. Rhumbline Advisers now owns 46,347 shares of the technology company’s stock valued at $593,000 after acquiring an additional 966 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in ANGI Homeservices in the second quarter valued at approximately $237,000. Finally, Victory Capital Management Inc. acquired a new stake in ANGI Homeservices in the second quarter valued at approximately $1,407,000. Hedge funds and other institutional investors own 68.23% of the company’s stock.

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ANGI Homeservices Company Profile

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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