Angie's List Inc (ANGI) is Upgraded by Raymond James to Outperform

Angie's List Inc (ANGI) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Aug 19, 2016.

On the company’s financial health, Angie's List Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.04. The company had revenue of $83.06 million for the quarter, compared to analysts expectations of $86.20 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.14 EPS.

Angie's List Inc opened for trading at $8.45 and hit $8.635 on the upside on Wednesday, eventually ending the session at $8.61, with a gain of 1.89% or 0.16 points. The heightened volatility saw the trading volume jump to 4,90,945 shares. Company has a market cap of $506 M.

In a different news, on Aug 2, 2016, Bowman Angela R. Hicks (Chief Marketing Officer) sold 1,500 shares at $8.19 per share price. According to the SEC, on Apr 26, 2016, Michael S Maurer (director) purchased 12,000 shares at $8.27 per share price. On Jul 30, 2015, Charles Hundt (Chief Accounting Officer) purchased 13,579 shares at $4.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Angie’s List Inc helps facilitate transactions between more than three million consumers nationwide and its collection of service providers in approximately 720 categories of service ranging from home improvement to health care. The Company connects consumers directly to its online marketplace of services from member-reviewed providers and offers tools and support designed to improve the local service experience for both consumers and service professionals. The Company’s member is between the ages of 35 and 64 is married owns a home is college educated and has an annual household income of at least $100000.

Angie's List Inc

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