Wunderlich Securities Sees Good Quarter, Outlook For Angie's List

In a report published Thursday, Wunderlich Securities analyst Blake T. Harper reiterated a Hold rating and $8.00 price target on Angie's List Inc. (NASDAQ: ANGI).

In the report, Wunderlich Securities noted, "Angie's List (ANGI) reported Q4 revenues, EBITDA and EPS that were 1%, 18% and 23% above consensus, respectively, and guided to 2015 revenues in line with consensus of 14% y/y growth at the midpoint and EBITDA of $28-$30 million compared to consensus of $20.6 million. The ability for the company to finally get leverage in its EBITDA and EPS lines should make the stock more appealing, and we expect the company to benefit from lower levels of marketing spend while still producing respectable top-line growth. We view the transition to more of an ecommerce platform as more attractive longer term to both service providers and consumers. We maintain our Hold rating and $8 price target and look for the company's marketplace traction to increase before becoming more positive on the stock."

Angie's List closed on Wednesday at $7.80.