Angi (NASDAQ:ANGI) Rating Lowered to Hold at StockNews.com

Angi (NASDAQ:ANGI - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

Several other research analysts have also weighed in on the stock. JMP Securities reduced their price objective on shares of Angi from $3.00 to $2.75 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group lowered shares of Angi from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Citigroup lifted their price objective on shares of Angi from $1.70 to $2.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Benchmark reduced their price objective on shares of Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Finally, UBS Group raised shares of Angi to a "hold" rating in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $3.05.

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Angi Price Performance

Shares of NASDAQ ANGI remained flat at $1.68 during mid-day trading on Tuesday. 3,003,352 shares of the stock traded hands, compared to its average volume of 1,246,386. The stock has a market capitalization of $835.41 million, a PE ratio of 21.00 and a beta of 1.86. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. Angi has a one year low of $1.49 and a one year high of $2.94. The company has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $2.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANGI. Assenagon Asset Management S.A. lifted its stake in Angi by 1,372.4% in 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. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Angi in the third quarter valued at approximately $645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Angi by 46.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company's stock worth $677,000 after purchasing an additional 83,704 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Angi in the third quarter worth $116,000. Finally, ArrowMark Colorado Holdings LLC lifted its position in shares of Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company's stock worth $12,202,000 after purchasing an additional 84,328 shares in the last quarter. Institutional investors own 12.84% of the company's stock.

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.