Angi (NASDAQ:ANGI) Downgraded to "Market Perform" Rating by Citizens Jmp

Angi (NASDAQ:ANGI - Get Free Report) was downgraded by stock analysts at Citizens Jmp from an "outperform" rating to a "market perform" rating in a research note issued to investors on Monday, Marketbeat.com reports.

Other equities research analysts have also issued research reports about the company. UBS Group lowered their target price on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada lowered their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. KeyCorp lowered their price target on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Citigroup lowered their price target on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen raised Angi from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.36.

Angi Price Performance

Shares of ANGI traded down $0.17 during midday trading on Monday, reaching $15.04. The stock had a trading volume of 859,189 shares, compared to its average volume of 397,023. The company's 50-day moving average is $14.48 and its 200 day moving average is $16.01. Angi has a 12-month low of $10.88 and a 12-month high of $29.15. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $721.77 million, a price-to-earnings ratio of 13.67 and a beta of 1.81.

Angi (NASDAQ:ANGI - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. Angi had a return on equity of 4.99% and a net margin of 4.69%. The company had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. On average, equities analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

Several institutional investors have recently added to or reduced their stakes in ANGI. Bank of New York Mellon Corp purchased a new stake in Angi during the 4th quarter valued at $210,000. Jones Financial Companies Lllp boosted its stake in shares of Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after buying an additional 7,944 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock worth $978,000 after buying an additional 84,304 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Angi in the 4th quarter worth $27,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Angi by 24.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after buying an additional 17,605 shares during the last quarter. 12.84% of the stock is currently owned by hedge funds and other 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.