Angi (NASDAQ:ANGI) Shares Down 4.9% - What's Next?

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) traded down 4.9% during mid-day trading on Friday . The stock traded as low as $1.74 and last traded at $1.75. 853,817 shares changed hands during trading, an increase of 10% from the average session volume of 773,984 shares. The stock had previously closed at $1.84.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ANGI shares. UBS Group upgraded Angi to a "hold" rating in a research report on Monday, October 28th. KeyCorp decreased their target price on shares of Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. The Goldman Sachs Group cut shares of Angi from a "buy" rating to a "neutral" rating and dropped their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup lowered shares of Angi from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. Finally, Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Angi currently has a consensus rating of "Moderate Buy" and an average target price of $3.11.

Angi Stock Down 3.8 %

The stock has a market cap of $880.17 million, a price-to-earnings ratio of 25.29 and a beta of 1.86. 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 fifty day moving average is $2.20 and its two-hundred day moving average is $2.27.

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

Institutional Investors Weigh In On Angi

Several large investors have recently bought and sold shares of ANGI. Assenagon Asset Management S.A. acquired a new stake in Angi in the second quarter valued at approximately $183,000. Cowen AND Company LLC acquired a new stake in shares of Angi in the 2nd quarter valued at $267,000. Headlands Technologies LLC acquired a new stake in shares of Angi in the 2nd quarter valued at $26,000. Dimensional Fund Advisors LP lifted its position in shares of Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock worth $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Angi by 24.1% during the second 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 in the last quarter. Hedge funds and other 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.