Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price was up 6.6% during mid-day trading on Friday . The company traded as high as $1.70 and last traded at $1.71. Approximately 781,743 shares traded hands during trading, a decline of 37% from the average daily volume of 1,244,407 shares. The stock had previously closed at $1.60.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered shares of Angi from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. KeyCorp cut their price objective on shares of Angi from $3.00 to $2.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Benchmark lowered their target price on shares of Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. Finally, Citigroup lifted their price target on shares of Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Angi currently has a consensus rating of "Hold" and a consensus price target of $3.05.
Read Our Latest Report on ANGI
Angi Stock Performance
The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market cap of $800.60 million, a P/E ratio of 20.13 and a beta of 1.91. The stock's fifty day moving average price is $1.74 and its two-hundred day moving average price is $2.09.
Hedge Funds Weigh In On Angi
Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Angi in the fourth quarter valued at about $27,000. Hsbc Holdings PLC bought a new position in shares of Angi in the fourth quarter worth about $30,000. Headlands Technologies LLC boosted its stake in shares of Angi by 9,308.0% in the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after purchasing an additional 18,523 shares in the last quarter. Oxford Asset Management LLP bought a new stake in shares of Angi during the 4th quarter valued at approximately $33,000. Finally, Two Sigma Securities LLC acquired a new position in Angi during the 4th quarter worth approximately $41,000. 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.
Featured Stories
Before you consider Angi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Angi wasn't on the list.
While Angi currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
