Angi's (ANGI) Market Outperform Rating Reaffirmed at JMP Securities

Angi (NASDAQ:ANGI - Get Free Report)'s stock had its "market outperform" rating reaffirmed by research analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $3.00 target price on the technology company's stock. JMP Securities' price target would suggest a potential upside of 72.41% from the stock's previous close.

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

Angi Stock Performance

Angi stock traded down $0.03 during mid-day trading on Monday, hitting $1.74. 1,217,762 shares of the company's stock traded hands, compared to its average volume of 778,693. Angi has a fifty-two week low of $1.65 and a fifty-two week high of $3.10. The stock has a market cap of $865.25 million, a price-to-earnings ratio of 24.86 and a beta of 1.86. The firm has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $2.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The company had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter last year, the company earned ($0.01) earnings per share. On average, research analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position 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 purchasing an additional 1,306,515 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock valued at $3,562,000 after buying an additional 494,739 shares during the period. Inspire Investing LLC raised its holdings in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock valued at $1,192,000 after buying an additional 279,083 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Angi during the 3rd quarter worth approximately $645,000. Finally, AQR Capital Management LLC grew its holdings in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company's stock worth $1,593,000 after acquiring an additional 161,189 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.

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.