Angi (NASDAQ:ANGI) Sets New 52-Week Low – Should You Sell?

Angi Inc. (NASDAQ:ANGI) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.57 and last traded at $1.58, with a volume of 217944 shares trading hands. The stock had previously closed at $1.62.

Analyst Upgrades and Downgrades

ANGI has been the topic of several research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. JMP Securities restated a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research report on Monday, December 16th. KeyCorp lowered their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Citigroup reduced their target price on shares of Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.06.

Angi Stock Down 0.6 %

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 company has a 50-day simple moving average of $1.89 and a 200-day simple moving average of $2.22. The firm has a market cap of $775.74 million, a PE ratio of 22.29 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 for the quarter. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter last year, the firm posted ($0.01) earnings per share. Analysts expect that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Angi during the 2nd quarter worth $26,000. Dimensional Fund Advisors LP increased its stake in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after buying an additional 494,739 shares during the period. AQR Capital Management LLC raised its holdings in shares of Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 161,189 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Angi in the second quarter worth about $85,000. Finally, Inspire Investing LLC grew its holdings in Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after acquiring an additional 279,083 shares in the last quarter. 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.