A Major Shareholder at Angie’s List Inc. (NASDAQ: ANGI) is Buying Shares

By George MacDonald

Today, a Major Shareholder at Angie’s List Inc. (NASDAQ: ANGI), Eric Semler, bought shares of ANGI for $2.01M.

Eric Semler increased his holding by 3.37% to a total of $105.96.

Based on Angie’s List Inc.`s latest earnings report from September 30, the company posted quarterly revenue of $86.99M and quarterly net profit of $82k. In comparison, last year the company earned revenue of $82.15M and had a net profit of $15.27M. The company has a one year high of $11.25 and a one year low of $3.73. ANGI’s market cap is $553.6M and the company has a P/E ratio of 48.6%.

15 different firms, including B. Riley and Merrill Lynch, currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $8.50, reflecting a 10.0% upside.

Looking at blogger coverage of ANGI, there is a 53% Bullish tendency on the stock, in relation to a 65% average bullish tendency within the Technology sector. One of the top 25 bloggers, according to TipRanks.com, recently recommended a Bearish ANGI.

Over the last 3 months, the insider sentiment on Angie’s List Inc. has been positive based on 32 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Angie’s List Inc operates a national local services consumer review service and marketplace. Its services help consumers research, shop for and purchase local services for critical needs including home, health and automotive services.