SAN FRANCISCO (TheStreet) -- Investors gave Angie's List a thumbs-up review on its reported decision to hire bankers to explore strategic options -- including a sale of the company. Shares of the consumer services listing and reviews company soared 22.45% to $7.80 in after-hours trading following aaFinancial Timesareport on the company's plans. Angie's List has reportedly held talks with some prospective buyers, but it remains to be seen if the company will ultimately hit the go button on a buyout, the publication notes. It did notaidentify its source for the report or the firm or firms hired by Angie's List. Must Read: Warren Buffett's Top 10 Dividend Stocks The company has faced some difficult times since it went publicain late 2011 at $13 per share, reports the Indianapolis Business Journal. Earlier this year, for example, it reported a $18.4 million second-quarter loss that missed Wall Street's expectations by a sizable margin, according to the publication. Additionally, the company has yet to post a profit and is planning to cut 97 employees from its sales staff. Angie's list has also faced analyst downgrades, in part because estimates on earnings before interest, taxes, depreciation and amortization are too high.a Must Read: Angie’s List Becomes Oversolda At the time of publication, the author held no positions in any of the stocks mentioned, although positions may change at any time. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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