Royal Bank of Canada Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI - Free Report) had its price target cut by Royal Bank of Canada from $27.50 to $17.00 in a report issued on Tuesday, Marketbeat.com reports. They currently have a sector perform rating on the technology company's stock.

ANGI has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. JMP Securities lowered their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research report on Thursday, February 13th. Citigroup raised their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, StockNews.com raised Angi from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Angi presently has an average rating of "Hold" and a consensus price target of $28.25.

Angi Price Performance

ANGI traded up $0.17 during trading on Tuesday, hitting $11.60. 1,195,124 shares of the company traded hands, compared to its average volume of 208,661. The company has a market cap of $576.83 million, a PE ratio of 145.02 and a beta of 1.88. Angi has a 1 year low of $11.00 and a 1 year high of $29.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The stock's 50-day simple moving average is $15.28 and its two-hundred day simple moving average is $18.38.

Hedge Funds Weigh In On Angi

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in shares of Angi by 16.8% in the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after acquiring an additional 7,340 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Angi by 38.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock valued at $47,000 after buying an additional 7,944 shares during the last quarter. Barclays PLC boosted its holdings in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Angi in the 4th quarter worth approximately $27,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after acquiring an additional 17,605 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.