Angi (NASDAQ:ANGI) Sets New 12-Month Low – Here’s What Happened

Angi Inc. (NASDAQ:ANGI) shares hit a new 52-week low on Wednesday . The company traded as low as $1.62 and last traded at $1.64, with a volume of 1147593 shares trading hands. The stock had previously closed at $1.73.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ANGI. JMP Securities reiterated a “market outperform” rating and set a $3.00 price target on shares of Angi in a research report on Monday. Citigroup downgraded 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, November 13th. Benchmark decreased their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. KeyCorp dropped their price target on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.11.

Angi Trading Down 1.8 %

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 firm has a market cap of $830.44 million, a PE ratio of 23.86 and a beta of 1.86. The stock has a 50-day simple moving average of $2.14 and a two-hundred day simple moving average of $2.26.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same period in the previous year, the company earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that Angi Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ANGI. Headlands Technologies LLC purchased a new position in shares of Angi during the 2nd quarter worth $26,000. Barclays PLC lifted its position in Angi by 1,255.5% during 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 in the last quarter. Centiva Capital LP bought a new stake in Angi during the third quarter valued at about $46,000. Susquehanna Fundamental Investments LLC bought a new stake in Angi during the second quarter valued at about $85,000. Finally, Verition Fund Management LLC purchased a new position in shares of Angi in the third quarter valued at about $116,000. 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.