Angi (NASDAQ:ANGI) Rating Lowered to Neutral at Citigroup

Angi (NASDAQ:ANGI) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $2.00 price target on the technology company’s stock, down from their prior price target of $3.25. Citigroup’s target price indicates a potential upside of 3.63% from the stock’s current price.

Separately, UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.83.

Angi Stock Performance

Shares of ANGI stock opened at $1.93 on Wednesday. The stock has a market capitalization of $962.43 million, a P/E ratio of 27.57 and a beta of 1.95. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $2.53 and its 200 day moving average is $2.33. Angi has a 12 month low of $1.74 and a 12 month high of $3.10.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period in the prior year, the company posted ($0.01) EPS.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ANGI. Inspire Investing LLC increased its stake in Angi by 152.5% during the 3rd 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 in the last quarter. Assenagon Asset Management S.A. bought a new stake in Angi during the 2nd quarter valued at about $183,000. Vanguard Group Inc. increased its stake in Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Angi in the first quarter worth approximately $162,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.