Citigroup Lowers Angi (NASDAQ:ANGI) Price Target to $1.70

Angi (NASDAQ:ANGI) had its target price lowered by stock analysts at Citigroup from $2.00 to $1.70 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Citigroup’s price target suggests a potential upside of 3.66% from the stock’s current price.

A number of other brokerages also recently commented on ANGI. JMP Securities restated a “market outperform” rating and set a $3.00 price objective on shares of Angi in a research report on Monday, December 16th. UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Benchmark lowered their price objective on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. KeyCorp cut their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and reduced their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Angi presently has a consensus rating of “Hold” and a consensus target price of $3.06.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.64 on Friday. Angi has a one year low of $1.57 and a one year high of $3.10. The stock has a market capitalization of $815.52 million, a price-to-earnings ratio of 23.43 and a beta of 1.86. The company has a 50-day simple moving average of $1.95 and a 200-day simple moving average of $2.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05.

Angi (NASDAQ:ANGI) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same period last year, the business posted ($0.01) EPS. On average, analysts predict that Angi will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

Several hedge funds have recently bought and sold shares of ANGI. ArrowMark Colorado Holdings LLC increased its position in shares of Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after buying an additional 84,328 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $3,562,000 after acquiring an additional 494,739 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC raised its position in Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after acquiring an additional 161,189 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 279,083 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.