Angi (NASDAQ:ANGI) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Angi (NASDAQ:ANGI) in a research report released on Wednesday, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on ANGI. KeyCorp dropped their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Citigroup cut 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 report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $3.00 target price on shares of Angi in a report on Monday. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, Benchmark lowered 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, November 13th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.11.

Angi Stock Performance

Shares of NASDAQ:ANGI traded up $0.10 during trading on Wednesday, reaching $1.74. The company had a trading volume of 647,053 shares, compared to its average volume of 781,845. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. The stock’s fifty day moving average price is $2.16 and its 200 day moving average price is $2.26. Angi has a fifty-two week low of $1.62 and a fifty-two week high of $3.10. The firm has a market capitalization of $865.25 million, a price-to-earnings ratio of 24.86 and a beta of 1.86.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. As a group, equities research analysts predict that Angi will post 0.08 EPS for the current year.

Institutional Trading of Angi

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