Loop Capital Initiates Coverage on Angie's List Inc to Buy

Loop Capital Initiates Coverage on Angie's List Inc(NASDAQ:ANGI). The shares have been rated Buy. The rating by Loop Capital was issued on Aug 5, 2016.

Angie's List Inc (ANGI) made into the market gainers list on Wednesdays trading session with the shares advancing 1.89% or 0.16 points. Due to strong positive momentum, the stock ended at $8.61, which is also near the day’s high of $8.635. The stock began the session at $8.45 and the volume stood at 4,90,945 shares. The 52-week high of the shares is $11.247 and the 52 week low is $4.25. The company has a current market capitalization of $506 M and it has 5,87,80,545 shares in outstanding.

Angie's List Inc(ANGI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $83.06M. Analysts had an estimated revenue of $86.21M. Earnings per share were $0.08. Analysts had estimated an EPS of $-0.06.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Bowman Angela R. Hicks (Chief Marketing Officer) sold 1,500 shares at $8.19 per share price.Also, 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.

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