Angi (NASDAQ:ANGI) Reaches New 12-Month Low – Here’s Why

Angi Inc. (NASDAQ:ANGI) hit a new 52-week low during trading on Monday . The stock traded as low as $1.57 and last traded at $1.58, with a volume of 283896 shares changing hands. The stock had previously closed at $1.65.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ANGI. KeyCorp reduced their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $3.00 price objective on shares of Angi in a research note on Monday, December 16th. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.11.

Angi Stock Down 2.1 %

The stock has a market capitalization of $803.09 million, a P/E ratio of 23.07 and a beta of 1.86. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $2.24. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. Equities research analysts forecast that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Angi during the second quarter worth $26,000. Barclays PLC grew its holdings in Angi by 1,255.5% during the 3rd 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 acquired a new stake in Angi in the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Angi in the second quarter worth about $85,000. Finally, Verition Fund Management LLC acquired a new position in shares of Angi during the third quarter worth approximately $116,000. 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.