Angi’s (ANGI) Market Outperform Rating Reiterated at JMP Securities

Angi (NASDAQ:ANGI)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a 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 objective indicates a potential upside of 66.67% from the company’s previous close.

ANGI has been the subject of several other reports. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup lowered Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. KeyCorp cut their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Benchmark decreased their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Four 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 currently has a consensus rating of “Moderate Buy” and an average target price of $3.11.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $1.80 on Monday. Angi has a 1 year low of $1.65 and a 1 year high of $3.10. 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 stock has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $2.27. The firm has a market cap of $895.09 million, a P/E ratio of 25.71 and a beta of 1.86.

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

Institutional Trading of Angi

A number of hedge funds have recently made changes to their positions in ANGI. Headlands Technologies LLC acquired a new stake in Angi during the second quarter valued at $26,000. Barclays PLC raised its stake in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Angi during the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Angi in the 2nd quarter valued at approximately $85,000. Finally, Verition Fund Management LLC acquired a new position in Angi in the third quarter worth approximately $116,000. 12.84% of the stock is owned by hedge funds and other 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.