Angi (NASDAQ:ANGI) Downgraded by Citigroup to "Neutral"

Citigroup cut shares of Angi (NASDAQ:ANGI - Free Report) from a buy rating to a neutral rating in a research note published on Wednesday, Marketbeat.com reports. The firm currently has $2.00 price target on the technology company's stock, down from their previous price target of $3.25.

Separately, UBS Group raised shares of Angi to a "hold" rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.25.

Angi Stock Performance

NASDAQ ANGI traded down $0.13 on Wednesday, hitting $1.81. 1,229,424 shares of the company's stock were exchanged, compared to its average volume of 729,660. The firm's 50-day moving average price is $2.53 and its two-hundred day moving average price is $2.33. The firm has a market cap of $900.10 million, a price-to-earnings ratio of 25.82 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98. Angi has a fifty-two week low of $1.79 and a fifty-two week high of $3.10.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter last year, the firm posted ($0.01) EPS.

Hedge Funds Weigh In On Angi

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company's stock worth $17,612,000 after acquiring an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock worth $3,562,000 after acquiring an additional 494,739 shares during the period. Assenagon Asset Management S.A. lifted its stake in 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 valued at $3,616,000 after buying an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC grew its position in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company's stock worth $1,593,000 after purchasing an additional 161,189 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock worth $1,192,000 after buying an additional 279,083 shares during the period. 12.84% of the stock is currently owned by hedge funds and other 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.