Angi (NASDAQ:ANGI) Hits New 1-Year Low - Should You Sell?

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $1.57 and last traded at $1.58, with a volume of 217944 shares traded. The stock had previously closed at $1.62.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ANGI. Citigroup dropped their target price on shares of Angi from $2.00 to $1.70 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group downgraded Angi from a "buy" rating to a "neutral" rating and reduced their target price for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th. UBS Group upgraded Angi to a "hold" rating in a report on Monday, October 28th. Finally, JMP Securities restated a "market outperform" rating and set a $3.00 price objective on shares of Angi in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $3.06.

Angi Stock Down 3.1 %

The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $780.71 million, a PE ratio of 22.43 and a beta of 1.86. The stock's fifty day simple moving average is $1.92 and its 200-day simple moving average is $2.23.

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

Institutional Trading of Angi

A number of hedge funds have recently bought and sold shares of ANGI. Headlands Technologies LLC bought a new stake in shares of Angi during the 2nd quarter worth $26,000. Barclays PLC increased its holdings in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after buying an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new stake in Angi in the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC purchased a new position in Angi in the second quarter valued at about $85,000. Finally, Trust Co of the South grew its position in shares of Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock valued at $85,000 after acquiring an additional 25,500 shares during the period. 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.