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

Angi (NASDAQ:ANGI) had its price objective trimmed by KeyCorp from $3.00 to $2.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Several other research firms have also issued reports on ANGI. JMP Securities lowered their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Benchmark lowered their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Stock Performance

Angi stock opened at $1.97 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $979.62 million, a P/E ratio of 28.14 and a beta of 1.95. Angi has a twelve month low of $1.65 and a twelve month high of $3.10. The stock’s 50 day moving average is $2.43 and its 200 day moving average is $2.31.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts predict that Angi will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently added to or reduced their stakes in ANGI. Inspire Investing LLC increased 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 worth $1,192,000 after buying an additional 279,083 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Angi during the 2nd quarter worth $183,000. Vanguard Group Inc. increased its stake in shares of Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after purchasing an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Angi by 36.4% in 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 last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Angi during the 1st quarter worth about $162,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.