Angi (NASDAQ:ANGI) Price Target Lowered to $1.70 at Citigroup

Angi (NASDAQ:ANGI - Free Report) had its price objective reduced by Citigroup from $2.00 to $1.70 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the technology company's stock.

Other analysts also recently issued reports about the company. UBS Group upgraded Angi to a "hold" rating in a research note on Monday, October 28th. JMP Securities reaffirmed a "market outperform" rating and set a $3.00 price objective on shares of Angi in a research report on Monday, December 16th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. KeyCorp dropped their price target on shares of Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Finally, Benchmark decreased their price objective 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Angi has an average rating of "Hold" and an average target price of $3.06.

Angi Stock Up 1.2 %

Shares of NASDAQ:ANGI traded up $0.02 on Friday, hitting $1.64. 738,137 shares of the company traded hands, compared to its average volume of 635,219. The stock has a 50 day simple moving average of $1.95 and a 200-day simple moving average of $2.22. 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 company has a market cap of $815.52 million, a PE ratio of 23.43 and a beta of 1.86. Angi has a 52 week low of $1.57 and a 52 week high of $3.10.

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 for the quarter. The business had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period last year, the business earned ($0.01) EPS. As a group, research analysts expect that Angi will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently modified their holdings of ANGI. Assenagon Asset Management S.A. lifted its position in Angi by 1,372.4% during 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 purchasing an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP increased 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 worth $3,562,000 after acquiring an additional 494,739 shares in the last quarter. Inspire Investing LLC raised its stake in Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock worth $1,192,000 after acquiring an additional 279,083 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Angi during the third quarter valued at approximately $645,000. Finally, AQR Capital Management LLC boosted its position in shares of Angi by 24.1% in 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 during the period. 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.