Angie’s List Inc (NASDAQ:ANGI) is in a transformation phase and there are three areas of focus that the company is focusing on in the short term. First on the agenda is revenue growth and the management recently reorganized the sales leadership team to register progress in that department. Second is the technology transformation, which has been going on for a couple of quarters and involves positive impact on the website, mobile and business support systems. The third area of focus is the member and consumer engagement whereby the company is inspiring consumers to build home-related products.
Smart money has been positive about the company’s future prospects. Among the funds that we track a total of 15 had an aggregate investment of $65.48 million in Angie’s List Inc (NASDAQ:ANGI) at the end of March, an increase from 9 firms with $67.13 million at the end of the previous quarter. The two largest stockholders among these are Wallace Weltz‘s Wallace R. Weltz & Co. and David Shaw’s D E Shaw. Their respective holdings stood at 3.90 million shares valued at $22.91 million and 1.52 million shares worth $8.91 million at the end of March.