Angi (NASDAQ:ANGI) Hits New 1-Year Low - Here's Why

Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as $1.49 and last traded at $1.56, with a volume of 939602 shares trading hands. The stock had previously closed at $1.56.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JMP Securities restated a "market outperform" rating and set a $3.00 price target on shares of Angi in a research report on Monday, December 16th. KeyCorp lowered their target price on Angi from $3.00 to $2.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Benchmark lowered their price objective on shares of Angi from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Finally, Citigroup decreased their price target on shares of Angi from $2.00 to $1.70 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $3.06.

Angi Stock Up 9.0 %

The stock has a market capitalization of $845.36 million, a P/E ratio of 24.29 and a beta of 1.86. The firm's 50-day simple moving average is $1.86 and its 200 day simple moving average is $2.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter in the prior year, the firm posted ($0.01) EPS. As a group, research analysts expect that Angi Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

A number of large investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Angi during the 2nd quarter worth $26,000. Barclays PLC raised its stake in 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 purchasing an additional 15,191 shares in the last quarter. Centiva Capital LP bought a new stake in Angi during the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in Angi during the second quarter worth about $85,000. Finally, Trust Co of the South grew its stake in Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock worth $85,000 after buying an additional 25,500 shares in the last quarter. 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.