Angi (NASDAQ:ANGI) Price Target Cut to $2.75 by Analysts at JMP Securities

Angi (NASDAQ:ANGI - Free Report) had its price target reduced by JMP Securities from $3.00 to $2.75 in a research report report published on Thursday morning,Benzinga reports. They currently have a market outperform rating on the technology company's stock.

A number of other equities analysts also recently commented on ANGI. Benchmark dropped their price objective on Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group downgraded shares of Angi from a "buy" rating to a "neutral" rating and cut their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup increased their target price on shares of Angi from $1.70 to $2.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, KeyCorp reduced their price target on Angi from $3.00 to $2.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.05.

Angi Price Performance

Shares of NASDAQ:ANGI remained flat at $1.84 during trading on Thursday. 1,900,346 shares of the company's stock were exchanged, compared to its average volume of 913,927. The company has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $2.17. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 52 week low of $1.49 and a 52 week high of $3.10. The firm has a market cap of $914.98 million, a price-to-earnings ratio of 26.29 and a beta of 1.86.

Hedge Funds Weigh In On Angi

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Angi by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock worth $589,000 after buying an additional 65,119 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Angi by 46.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company's stock valued at $677,000 after purchasing an additional 83,704 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Angi by 1,372.4% during 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. Barclays PLC raised its stake in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Angi during the third quarter valued at about $645,000. Institutional investors and hedge funds 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.