Angi (NASDAQ:ANGI) Hits New 52-Week Low - Here's What Happened

Angi Inc. (NASDAQ:ANGI - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.59 and last traded at $1.59, with a volume of 51942 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

A number of analysts have recently commented on ANGI shares. UBS Group upgraded Angi to a "hold" rating in a research note on Monday, October 28th. Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a report on Wednesday, December 18th. The Goldman Sachs Group downgraded shares of Angi from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, Citigroup cut Angi from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Angi currently has an average rating of "Hold" and a consensus target price of $3.11.

Angi Trading Down 3.0 %

The firm has a market cap of $795.63 million, a PE ratio of 22.86 and a beta of 1.86. The company's fifty day moving average price is $2.11 and its two-hundred day moving average price is $2.25. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46.

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 (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million during the quarter, compared to analysts' expectations of $295.90 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. As a group, sell-side analysts forecast that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of large investors have recently bought and sold shares of ANGI. Assenagon Asset Management S.A. boosted its holdings in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company's stock valued at $3,616,000 after purchasing an additional 1,306,515 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $3,562,000 after acquiring an additional 494,739 shares during the period. Inspire Investing LLC raised 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 purchasing an additional 279,083 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Angi in the 3rd quarter valued at about $645,000. Finally, AQR Capital Management LLC grew its holdings in shares of 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 during the period. Institutional investors and hedge funds 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.