Angi (NASDAQ:ANGI) Shares Down 4.9% – Should You Sell?

Shares of Angi Inc. (NASDAQ:ANGI) traded down 4.9% on Friday . The stock traded as low as $1.74 and last traded at $1.75. Approximately 853,817 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 773,984 shares. The stock had previously closed at $1.84.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Benchmark dropped their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. UBS Group raised Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their price target for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered shares of 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 report on Wednesday, November 13th. Finally, JMP Securities decreased their target price on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Stock Down 4.1 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $877.68 million, a PE ratio of 26.29 and a beta of 1.86. The company’s fifty day moving average is $2.22 and its 200-day moving average is $2.27.

Angi (NASDAQ:ANGI) last released its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. As a group, analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Several large investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Angi in the 2nd quarter worth about $26,000. Barclays PLC lifted its stake in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Angi during the third quarter valued at approximately $46,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Angi during the second quarter valued at approximately $85,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Angi in the third quarter worth approximately $116,000. Institutional investors 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.