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

Angi Inc. (NASDAQ:ANGI - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $1.62 and last traded at $1.64, with a volume of 1147593 shares trading hands. The stock had previously closed at $1.73.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANGI shares. UBS Group raised shares of Angi to a "hold" rating in a report on Monday, October 28th. Citigroup downgraded Angi from a "buy" rating to a "neutral" rating and lowered their price target for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday. Benchmark decreased their price objective on Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $3.00 target price on shares of Angi in a research note on Monday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $3.11.

Angi Price Performance

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.27. The stock has a market cap of $815.52 million, a PE ratio of 23.43 and a beta of 1.86.

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

Institutional Investors Weigh In On Angi

Hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC lifted its position in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock valued at $1,192,000 after acquiring an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Angi during the second quarter valued at $183,000. Dimensional Fund Advisors LP increased its holdings in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock worth $3,562,000 after buying an additional 494,739 shares in the last quarter. Headlands Technologies LLC purchased a new position in Angi in the 2nd quarter worth about $26,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Angi during the 3rd quarter valued at about $645,000. 12.84% of the stock is 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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