Angi (NASDAQ:ANGI) Sets New 12-Month Low After Analyst Downgrade

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) hit a new 52-week low during trading on Thursday after JMP Securities lowered their price target on the stock from $3.25 to $3.00. JMP Securities currently has a market outperform rating on the stock. Angi traded as low as $1.79 and last traded at $1.79, with a volume of 83058 shares traded. The stock had previously closed at $1.85.

ANGI has been the topic of a number of other research reports. The Goldman Sachs Group cut Angi from a "buy" rating to a "neutral" rating and cut their target price for the stock from $3.25 to $2.50 in a research report on Wednesday. Citigroup cut Angi from a "buy" rating to a "neutral" rating and cut their target price for the stock from $3.25 to $2.00 in a research report on Wednesday. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, UBS Group upgraded Angi to a "hold" rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Angi has an average rating of "Moderate Buy" and a consensus price target of $3.25.

Hedge Funds Weigh In On Angi

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC boosted its holdings 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 purchasing an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Angi in the 2nd quarter valued at approximately $183,000. Vanguard Group Inc. boosted its holdings in Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company's stock valued at $17,612,000 after purchasing an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Angi in the 1st quarter valued at approximately $162,000. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Price Performance

The stock has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.33. The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. The company has a market cap of $872.67 million, a PE ratio of 25.50 and a beta of 1.95.

Angi (NASDAQ:ANGI - Get Free Report) last posted 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 company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same period last year, the firm earned ($0.01) EPS.

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.