Angi (NASDAQ:ANGI - Get Free Report) had its target price lifted by research analysts at Citigroup from $1.70 to $2.00 in a report released on Friday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. Citigroup's target price would suggest a potential upside of 9.29% from the company's previous close.
Several other analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of Angi from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. KeyCorp decreased their price objective on shares of Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. UBS Group upgraded Angi to a "hold" rating in a research report on Monday, October 28th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $3.00 price objective on shares of Angi in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $3.11.
Read Our Latest Stock Analysis on ANGI
Angi Trading Up 5.2 %
Shares of NASDAQ ANGI traded up $0.09 during trading on Friday, hitting $1.83. 449,915 shares of the company were exchanged, compared to its average volume of 962,601. The company has a fifty day moving average price of $1.77 and a 200-day moving average price of $2.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $910.00 million, a PE ratio of 26.14 and a beta of 1.86. Angi has a 12-month low of $1.49 and a 12-month high of $3.10.
Angi (NASDAQ:ANGI - Get Free Report) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate 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 firm earned ($0.01) earnings per share. As a group, equities research analysts expect that Angi will post 0.08 EPS for the current year.
Institutional Investors Weigh In On Angi
A number of institutional investors have recently added to or reduced their stakes in ANGI. Inspire Investing LLC grew its holdings in shares of Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock worth $1,192,000 after acquiring an additional 279,083 shares during the period. JPMorgan Chase & Co. lifted its stake in Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after buying an additional 65,119 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock valued at $3,562,000 after buying an additional 494,739 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Angi by 46.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company's stock valued at $677,000 after acquiring an additional 83,704 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company's stock worth $3,616,000 after buying an additional 1,306,515 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.
About Angi
(
Get Free Report)
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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