Angi (NASDAQ:ANGI) Reaches New 1-Year Low – Should You Sell?

Angi Inc. (NASDAQ:ANGI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.62 and last traded at $1.64, with a volume of 1147593 shares trading hands. The stock had previously closed at $1.73.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. Benchmark reduced their price objective 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 report on Monday, October 28th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday. Finally, KeyCorp dropped their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.11.

Angi Trading Down 5.2 %

The company has a 50 day moving average of $2.17 and a two-hundred day moving average of $2.27. The stock has a market capitalization of $815.52 million, a PE ratio of 23.43 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05.

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

Institutional Investors Weigh In On Angi

Hedge funds have recently modified their holdings of the company. Inspire Investing LLC grew its holdings in Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 279,083 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Angi in the 2nd quarter worth $183,000. Dimensional Fund Advisors LP raised its position in Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares during the period. Headlands Technologies LLC purchased a new position in Angi during the second quarter valued at $26,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Angi in the third quarter valued at about $645,000. 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.