Angi (NASDAQ:ANGI) Price Target Cut to $3.00

Angi (NASDAQ:ANGI) had its price target decreased by investment analysts at KeyCorp from $4.00 to $3.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price would indicate a potential upside of 18.11% from the stock’s previous close.

Several other research firms have also weighed in on ANGI. UBS Group lifted their price objective on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on shares of Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, February 16th. Royal Bank of Canada lifted their price objective on shares of Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Finally, StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Angi currently has a consensus rating of “Moderate Buy” and an average price target of $4.11.

Angi Stock Up 4.1 %

Shares of NASDAQ ANGI opened at $2.54 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of -31.75 and a beta of 1.97. Angi has a 52-week low of $1.54 and a 52-week high of $4.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50 day moving average price is $2.44 and its 200-day moving average price is $2.32.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. Equities analysts forecast that Angi will post -0.01 earnings per share for the current year.

Insiders Place Their Bets

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Monday, April 1st. The shares were sold at an average price of $2.58, for a total transaction of $30,309.84. Following the transaction, the chief technology officer now directly owns 166,034 shares of the company’s stock, valued at approximately $428,367.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 35,244 shares of company stock valued at $85,643 in the last three months. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Angi

A number of large investors have recently added to or reduced their stakes in ANGI. Victory Capital Management Inc. purchased a new stake in Angi during the fourth quarter worth about $26,000. Tower Research Capital LLC TRC increased its stake in shares of Angi by 140.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after purchasing an additional 10,447 shares in the last quarter. Boulder Hill Capital Management LP purchased a new position in shares of Angi in the fourth quarter worth about $57,000. BNP Paribas Financial Markets increased its stake in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Angi in the fourth quarter worth about $101,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

About Angi

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.