JPMorgan Chase & Co. Reiterates Neutral Rating for Angi (NASDAQ:ANGI)

Angi (NASDAQ:ANGI)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Several other research firms have also recently issued reports on ANGI. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Citigroup lowered Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.00 in a report on Wednesday, November 13th. KeyCorp reduced their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. JMP Securities reiterated a “market outperform” rating and issued a $3.00 target price on shares of Angi in a report on Monday. Finally, The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and cut their price target for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.11.

Angi Trading Down 0.6 %

Shares of NASDAQ ANGI opened at $1.73 on Wednesday. The business’s 50 day moving average price is $2.17 and its 200-day moving average price is $2.27. Angi has a fifty-two week low of $1.65 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $860.28 million, a price-to-earnings ratio of 24.71 and a beta of 1.86.

Angi (NASDAQ:ANGI) last released its 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 analyst estimates of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, sell-side analysts expect that Angi will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. XTX Topco Ltd grew its position in shares of Angi by 250.1% in the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after buying an additional 72,060 shares during the last quarter. Centiva Capital LP bought a new position in shares of Angi during the 3rd quarter worth approximately $46,000. ArrowMark Colorado Holdings LLC raised its stake in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after acquiring an additional 84,328 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Angi during the third quarter valued at approximately $116,000. 12.84% of the stock is currently 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.