Angie’s List Inc. Receives a Hold from Roth Capital

By Ryan Adsit

Roth Capital analyst Darren Aftahi reiterated a Hold rating on Angie’s List Inc. (NASDAQ: ANGI) today and set a price target of $8. The company’s shares opened today at $7.59.

According to TipRanks.com, Aftahi is ranked 0 out of 5 stars with an average return of -7.0% and a 42.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Mitek Systems Inc, Remark Media Inc, and Demand Media.

Angie’s List Inc. has an analyst consensus of Strong Buy, with a price target consensus of $11.50.

Angie’s List Inc.’s market cap is currently $444.9M and has a P/E ratio of 30.19. The company has a book value ratio of 85.7918.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ANGI in relation to earlier this year. Most recently, in April 2016, Michael S. Maurer, a Director at ANGI bought 12,000 shares for a total of $99,240.

Angie’s List, Inc. engages in collections of consumer reviews on local service providers ranging from home improvement to healthcare. It operates as consumer driven solution for its members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services. Its ratings and reviews are available only to its members to help in finding the best provider for their local service needs. It enables local service providers who are highly rated by its members to advertise discounts and other promotions to its members. Angie’s List helps consumers purchase services, including home remodeling, plumbing, roof repairing, health care and automobile repair. The company was founded by William S. Oesterle and Angela R. Hicks Bowman in April 1995 and is headquartered in Indianapolis, IN.