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

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

A number of other equities analysts have also recently weighed in on the stock. Royal Bank of Canada reduced their price target 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. Wall Street Zen upgraded Angi from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Benchmark lifted their price objective on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, May 8th. KeyCorp decreased their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Citigroup dropped their target price on shares of Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.36.

Angi Trading Down 2.4%

NASDAQ ANGI opened at $15.44 on Monday. Angi has a 12 month low of $10.88 and a 12 month high of $29.15. The stock has a 50-day simple moving average of $14.32 and a 200 day simple moving average of $16.04. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $740.92 million, a PE ratio of 193.02 and a beta of 1.81.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The company had revenue of $245.91 million during the quarter, compared to analysts' expectations of $239.73 million. Research analysts forecast that Angi will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Angi during the fourth quarter worth about $73,000. Hsbc Holdings PLC acquired a new position in shares of Angi during the 4th quarter worth approximately $30,000. Raymond James Financial Inc. bought a new stake in shares of Angi during the 4th quarter worth approximately $27,000. Stifel Financial Corp acquired a new stake in shares of Angi in the 4th quarter valued at approximately $90,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Angi by 24.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after buying an additional 17,605 shares in the last quarter. 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.

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