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Wells Fargo Improves ANGI Homeservices (NASDAQ:ANGI) to “Outperform” From “Market Perform” Rating

Wells Fargo Analyst Rating Change ANGI Homeservices NASDAQ:ANGI

ANGI Homeservices (NASDAQ:ANGI) Rating Upped

In an analyst note revealed to clients today, Wells Fargo upgraded shares of Angi Homeservices (NASDAQ:ANGI) to “Outperform” rating from “Market Perform” rating.

Despite the firm’s rating upgrade NASDAQ:ANGI is currently trading -1.58% lower at $11.85 as of 2:05 AM New York time. ANGI Homeservices’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% over the same time period.

Institutional Ownership

Tcs Capital Management Llc had the largest stake with ownership of 5.92M shares as of Q2 2015 for 32% of the US long equity exposure. Northpointe Capital Llc is another quite bullish institutional investor who is owning 1.32M shares of ANGI Homeservices or 1.35% of their US long equity exposure. Moreover, Concourse Capital Management Llc have 0.72% of their US long equity exposure invested in the company for 112,336 shares. The Massachusetts-based fund Forbes J M & Co Llp disclosed it had bought so far a stake worth about 0.72% of the institutional investor’s stock portfolio in ANGI Homeservices. The Colorado-based fund Elk Creek Partners Llc is also positive about the stock, possessing 265,872 shares or 0.68% of their US long equity exposure.

ANGI Homeservices (NASDAQ:ANGI) Profile

ANGI Homeservices Inc. is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk. The Company’s brand portfolio provides homeowners with tools and resources for home repair, maintenance and improvement projects.

ANGI Homeservices (NASDAQ:ANGI) traded down -1.58% on 19 October, hitting $11.85. A total of 175,313 shares of the company’s stock traded hands. This is down from average of 628,004 shares. ANGI Homeservices has a 52 week low of $11.43 and a 52 week high of $13.74. The company has a market cap of $5.64 billion and a P/E ratio of 0.

Get the latest ANGI Homeservices (NASDAQ:ANGI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Wells Fargo Improves ANGI Homeservices (NASDAQ:ANGI) to “Outperform” From “Market Perform” Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Wells Fargo Improves ANGI Homeservices (NASDAQ:ANGI) to “Outperform” From “Market Perform” Rating


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