Angi (NASDAQ:ANGI) Given New $6.00 Price Target at Benchmark

Angi (NASDAQ:ANGI) had its price objective cut by Benchmark from $7.00 to $6.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

ANGI has been the subject of a number of other research reports. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.50 in a research report on Wednesday. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.25 to $2.00 in a report on Wednesday. Finally, UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.25.

Angi Stock Performance

ANGI opened at $1.85 on Wednesday. The company’s 50 day moving average is $2.52 and its 200 day moving average is $2.33. The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. The company has a market cap of $920.05 million, a price-to-earnings ratio of 26.36 and a beta of 1.95. Angi has a 12-month low of $1.79 and a 12-month high of $3.10.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter last year, the company posted ($0.01) EPS.

Institutional Investors Weigh In On Angi

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after buying an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Inspire Investing LLC lifted its stake in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 279,083 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Angi during the third quarter valued at about $645,000. Finally, AQR Capital Management LLC grew its position in shares of Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.