Benchmark Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price objective reduced by Benchmark from $7.00 to $6.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other brokerages also recently issued reports on ANGI. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the company from $3.25 to $2.00 in a report on Wednesday. UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the company from $3.25 to $2.50 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.25.

Angi Price Performance

Shares of Angi stock opened at $1.72 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 2.05. The firm’s 50-day simple moving average is $2.48 and its 200-day simple moving average is $2.33. Angi has a twelve month low of $1.65 and a twelve month high of $3.10. The firm has a market cap of $857.71 million, a P/E ratio of 24.57 and a beta of 1.95.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same period last year, the firm posted ($0.01) EPS.

Hedge Funds Weigh In On Angi

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of Angi in the second quarter worth about $26,000. Barclays PLC raised its stake in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new position in shares of Angi in the third quarter worth about $46,000. BNP Paribas Financial Markets raised its stake in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Angi in the second quarter worth about $85,000. 12.84% of the stock is owned by 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.