Angi (NASDAQ:ANGI) Price Target Lowered to $3.00 at JMP Securities

Angi (NASDAQ:ANGI) had its price target decreased by JMP Securities from $3.25 to $3.00 in a report issued on Wednesday,Benzinga reports. JMP Securities currently has a market outperform rating on the technology company’s stock.

Several other analysts have also commented on the company. UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. Benchmark dropped their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.50 in a report on Wednesday. Finally, Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.25 to $2.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.25.

Angi Stock Down 4.4 %

NASDAQ:ANGI opened at $1.85 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98. The company’s fifty day moving average price is $2.52 and its 200-day moving average price is $2.33. Angi has a 1-year low of $1.79 and a 1-year high of $3.10. The firm has a market capitalization of $920.05 million, a P/E ratio of 26.36 and a beta of 1.95.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS 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 net margin of 2.61% and a return on equity of 3.79%. During the same period in the prior year, the company earned ($0.01) earnings per share.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares during the period. Picton Mahoney Asset Management grew its position in shares of Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after purchasing an additional 10,793 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Angi during the second quarter worth about $26,000. Quadrature Capital Ltd raised its position in shares of Angi by 21.4% during the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after purchasing an additional 17,102 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Angi in the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

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.