Deutsche Bank Aktiengesellschaft Boosts ANGI Homeservices (NASDAQ:ANGI) Price Target to $15.00


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ANGI Homeservices (NASDAQ:ANGI) had its price target increased by equities researchers at Deutsche Bank Aktiengesellschaft from $12.00 to $15.00 in a report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 21.07% from the stock’s current price.

A number of other analysts also recently commented on the stock. TheStreet downgraded shares of ANGI Homeservices from a “c-” rating to a “d” rating in a report on Monday, September 21st. BidaskClub downgraded shares of ANGI Homeservices from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. Zacks Investment Research raised shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Friday, January 8th. Credit Suisse Group cut their target price on shares of ANGI Homeservices from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, November 9th. Finally, KeyCorp lifted their target price on shares of ANGI Homeservices from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $14.54.

Shares of ANGI opened at $12.39 on Thursday. ANGI Homeservices has a twelve month low of $4.10 and a twelve month high of $17.05. The firm’s fifty day simple moving average is $12.38 and its 200-day simple moving average is $12.64. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 1,240.24 and a beta of 1.88. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.56.

ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. ANGI Homeservices had a net margin of 0.56% and a return on equity of 0.62%. The firm had revenue of $389.91 million for the quarter, compared to analyst estimates of $391.71 million. During the same period last year, the business earned $0.04 EPS. ANGI Homeservices’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that ANGI Homeservices will post -0.01 earnings per share for the current fiscal year.

In other ANGI Homeservices news, insider Oisin Hanrahan sold 70,014 shares of the business’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $11.85, for a total transaction of $829,665.90. Following the completion of the sale, the insider now directly owns 211,653 shares in the company, valued at $2,508,088.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $11.95, for a total transaction of $119,500.00. Following the sale, the director now owns 318,606 shares of the company’s stock, valued at $3,807,341.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 451,752 shares of company stock valued at $4,822,676. 17.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Neo Ivy Capital Management grew its stake in shares of ANGI Homeservices by 1,224.5% in the third quarter. Neo Ivy Capital Management now owns 2,861 shares of the technology company’s stock worth $31,000 after acquiring an additional 2,645 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of ANGI Homeservices in the third quarter valued at about $41,000. New York State Common Retirement Fund bought a new position in shares of ANGI Homeservices in the third quarter valued at about $51,000. O Shaughnessy Asset Management LLC raised its holdings in shares of ANGI Homeservices by 46.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 17,794 shares of the technology company’s stock valued at $198,000 after buying an additional 5,624 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ANGI Homeservices by 76.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,313 shares of the technology company’s stock valued at $214,000 after buying an additional 8,378 shares during the last quarter. Institutional investors own 13.33% of the company’s stock.

ANGI Homeservices Company Profile

ANGI Homeservices Inc operates a digital marketplace for home services, connecting consumers with home service professionals in the United States and internationally. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects; and provides consumers with tools and resources to find local, pre-screened, and customer-rated service professionals, as well as offers online appointment booking.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Analyst Recommendations for ANGI Homeservices (NASDAQ:ANGI)

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