Angi (NASDAQ:ANGI) Sets New 1-Year Low After Analyst Downgrade

Angi Inc. (NASDAQ:ANGI) shares reached a new 52-week low on Thursday after JMP Securities lowered their price target on the stock from $3.25 to $3.00. JMP Securities currently has a market outperform rating on the stock. Angi traded as low as $1.79 and last traded at $1.79, with a volume of 83058 shares traded. The stock had previously closed at $1.85.

ANGI has been the topic of several other reports. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a report on Wednesday. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday. Finally, Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Angi currently has an average rating of “Moderate Buy” and an average price target of $3.25.

Institutional Trading of Angi

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake 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 purchasing an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 494,739 shares during the period. Inspire Investing LLC grew 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 valued at $1,192,000 after buying an additional 279,083 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Angi during the 3rd quarter valued at $645,000. Finally, AQR Capital Management LLC lifted 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 worth $1,593,000 after acquiring an additional 161,189 shares in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Down 3.0 %

The stock has a market capitalization of $892.62 million, a P/E ratio of 26.36 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98. The stock has a fifty day moving average price of $2.52 and a 200 day moving average price of $2.33.

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

Angi Company Profile

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.