Angi (NASDAQ:ANGI) Downgraded to Neutral Rating by The Goldman Sachs Group

Angi (NASDAQ:ANGI - Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $2.50 price objective on the technology company's stock, down from their previous price objective of $3.25. The Goldman Sachs Group's price target suggests a potential upside of 38.50% from the company's previous close.

A number of other equities research analysts have also recently issued reports on ANGI. UBS Group raised Angi to a "hold" rating in a research report on Monday, October 28th. Citigroup downgraded shares of Angi from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $3.25 to $2.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $3.25.

Angi Stock Down 6.5 %

ANGI traded down $0.13 during midday trading on Wednesday, hitting $1.81. 1,229,424 shares of the company's stock traded hands, compared to its average volume of 729,660. 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 company has a market cap of $900.10 million, a PE ratio of 25.82 and a beta of 1.95. Angi has a one year low of $1.79 and a one year high of $3.10. The stock's fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.33.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The company 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 period last year, the company earned ($0.01) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANGI. Headlands Technologies LLC bought a new stake in shares of Angi in the second quarter worth $26,000. BNP Paribas Financial Markets lifted its position in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company's stock worth $65,000 after buying an additional 7,649 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi during the 2nd quarter worth about $85,000. SG Americas Securities LLC bought a new position in shares of Angi in the 1st quarter valued at about $162,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Angi in the second quarter valued at about $183,000. Institutional investors own 12.84% of the company's stock.

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.