StockNews.com lowered shares of Angi (NASDAQ:ANGI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
Several other analysts also recently weighed in on ANGI. JMP Securities lowered their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Finally, Citigroup boosted their target price on Angi from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.25.
Check Out Our Latest Research Report on ANGI
Angi Stock Up 1.5 %
Shares of ANGI stock traded up $0.17 on Tuesday, reaching $11.60. 1,195,124 shares of the stock were exchanged, compared to its average volume of 208,196. The business's 50 day moving average price is $15.39 and its 200 day moving average price is $18.48. The company has a market capitalization of $576.83 million, a price-to-earnings ratio of 145.02 and a beta of 1.88. Angi has a twelve month low of $11.00 and a twelve month high of $29.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.
Institutional Trading of Angi
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Angi during the fourth quarter worth approximately $27,000. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 15,191 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Angi during the fourth quarter worth about $30,000. Headlands Technologies LLC lifted its position in Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after purchasing an additional 18,523 shares during the period. Finally, Oxford Asset Management LLP purchased a new stake in shares of Angi in the fourth quarter valued at approximately $33,000. 12.84% of the stock is owned by hedge funds and other institutional investors.
About Angi
(
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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.
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