Angi (NASDAQ:ANGI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Angi (NASDAQ:ANGI - Free Report) from a buy rating to a hold rating in a research note released on Friday.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. JMP Securities lowered their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup dropped their price target on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Angi presently has an average rating of "Hold" and a consensus price target of $27.08.

Angi Price Performance

Shares of NASDAQ ANGI traded up $3.90 during mid-day trading on Friday, reaching $15.15. The company had a trading volume of 4,676,884 shares, compared to its average volume of 279,288. The company has a 50-day moving average price of $13.90 and a two-hundred day moving average price of $17.24. The stock has a market cap of $753.36 million, a PE ratio of 189.40 and a beta of 1.84. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. Angi has a 1-year low of $10.88 and a 1-year high of $29.15.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The firm had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. On average, equities analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Trading of Angi

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Angi during the fourth quarter worth $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the 4th quarter valued at about $30,000. Headlands Technologies LLC increased its stake in Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after acquiring an additional 18,523 shares during the period. Oxford Asset Management LLP bought a new position in Angi during the fourth quarter worth about $33,000. Finally, Two Sigma Securities LLC acquired a new stake in Angi during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds 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.