Stephens Investment Management Group LLC Buys Shares of 93,083 Angie’s List, Inc. (ANGI)

Stephens Investment Management Group LLC bought a new position in Angie’s List, Inc. (NASDAQ:ANGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 93,083 shares of the technology company’s stock, valued at approximately $1,191,000. Stephens Investment Management Group LLC owned approximately 0.15% of Angie’s List as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ANGI. BNP Paribas Arbitrage SA raised its holdings in shares of Angie’s List by 15,999.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 110,442 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 109,756 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Angie’s List by 55.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 462,627 shares of the technology company’s stock valued at $2,637,000 after purchasing an additional 164,122 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Angie’s List during the 1st quarter valued at $1,327,000. TD Asset Management Inc. raised its holdings in shares of Angie’s List by 15.3% during the 2nd quarter. TD Asset Management Inc. now owns 183,253 shares of the technology company’s stock valued at $2,344,000 after purchasing an additional 24,253 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Angie’s List by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 362,277 shares of the technology company’s stock valued at $2,064,000 after purchasing an additional 19,232 shares in the last quarter. Institutional investors own 82.25% of the company’s stock.

In related news, insider Bowman Angela R. Hicks sold 300,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $11.96, for a total value of $3,588,000.00. Following the transaction, the insider now directly owns 670,413 shares in the company, valued at $8,018,139.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael S. Maurer sold 98,578 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $12.20, for a total transaction of $1,202,651.60. Following the completion of the transaction, the director now owns 62,563 shares in the company, valued at $763,268.60. The disclosure for this sale can be found here. Insiders sold 831,364 shares of company stock worth $9,936,056 over the last 90 days. 18.20% of the stock is currently owned by corporate insiders.

Shares of Angie’s List, Inc. (NASDAQ ANGI) opened at 12.09 on Friday. The firm has a 50-day moving average of $12.02 and a 200 day moving average of $9.98. The firm’s market capitalization is $736.02 million. Angie’s List, Inc. has a 52-week low of $5.22 and a 52-week high of $13.28.

Angie’s List (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $73.87 million. During the same quarter last year, the company posted $0.08 earnings per share. The company’s revenue was down 12.3% on a year-over-year basis. Analysts predict that Angie’s List, Inc. will post ($0.07) EPS for the current year.

A number of research analysts have recently weighed in on ANGI shares. Zacks Investment Research downgraded shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Angie’s List from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Cowen and Company reiterated a “hold” rating and issued a $8.50 target price on shares of Angie’s List in a research note on Friday, July 14th. Finally, Piper Jaffray Companies assumed coverage on shares of Angie’s List in a research note on Wednesday, August 16th. They issued an “overweight” rating and a $14.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.65.

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About Angie’s List

Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.

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Institutional Ownership by Quarter for Angie`s List (NASDAQ:ANGI)

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