NEW YORK (MarketWatch) - The markets for personal ads and small -business reviews are taking a hit as tech-savvy Internet users find alternative means of scouting out recommendations for everything from restaurants to handyman services.
At least six brokerages cut their price targets on the stock, with some raising concerns about the company's cash flow as it faces stiff competition from Yelp Inc and struggles to gain a foothold in the daily deals market dominated by Groupon Inc ...
Angie's List on the other hand has to rely on heavy tactics to increase user growth -- either heavily investing in SEO or asking users to constantly upgrade their packages or asking those companies being rated to spend more to increase their return.
In trading on Friday, shares of Angie's List Inc. (NASD: ANGI) touched a new 52-week low of $7.77/share. That's a $17.41 share price drop, or -69.14% decline from the 52-week high of $25.18 set back on 09/24/2013.