Angi (NASDAQ:ANGI) Given New $14.00 Price Target at Citigroup

Angi (NASDAQ:ANGI - Get Free Report) had its price target lowered by equities research analysts at Citigroup from $18.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. Citigroup's target price would indicate a potential upside of 11.64% from the company's current price.

Several other research analysts also recently commented on ANGI. JMP Securities cut their target price on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Royal Bank of Canada lowered 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, April 15th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.25.

Angi Stock Down 0.2 %

Shares of NASDAQ:ANGI opened at $12.54 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi has a 52-week low of $11.00 and a 52-week high of $29.15. The business's 50 day simple moving average is $14.83 and its two-hundred day simple moving average is $18.04. The firm has a market cap of $623.58 million, a P/E ratio of 156.77 and a beta of 1.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the 4th quarter worth approximately $30,000. Headlands Technologies LLC grew its position in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after buying an additional 18,523 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of Angi during the 4th quarter valued at about $33,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Angi during the 4th quarter worth approximately $41,000. 12.84% of the stock is currently owned by institutional investors.

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.

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