Angi (NASDAQ:ANGI) Downgraded by Wall Street Zen to Hold

Key Points

• Angi has been downgraded by Wall Street Zen from a "buy" rating to a "hold," adding to recent downgrades from multiple analysts, including Zacks Research and Citigroup.
• The company's stock is currently valued around $18.08, with a reported 52-week high of $29.15 and a market capitalization of approximately $801.67 million.
• Angi's latest quarterly earnings revealed a net margin of 5.50%, with revenue down 11.7% year-over-year, and it missed analysts' EPS estimates by $0.01.

Angi (NASDAQ:ANGI - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

ANGI has been the subject of several other reports. Zacks Research downgraded Angi from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. UBS Group lifted their price target on shares of Angi from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Citizens Jmp downgraded Angi from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Citigroup lowered shares of Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th. Finally, JMP Securities restated a "market perform" rating on shares of Angi in a report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.07.

Angi Price Performance

Angi stock opened at $18.08 on Friday. Angi has a 52 week low of $10.88 and a 52 week high of $29.15. The firm has a market capitalization of $801.67 million, a PE ratio of 14.70 and a beta of 1.80. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm's 50-day simple moving average is $17.35 and its 200 day simple moving average is $15.73.

Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The business had revenue of $278.22 million for the quarter, compared to analysts' expectations of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.Angi's revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in Angi by 16.8% during the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after buying an additional 7,340 shares during the period. State of Wyoming purchased a new stake in Angi in the 4th quarter worth approximately $69,000. Two Sigma Investments LP boosted its position in Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after purchasing an additional 158,662 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock valued at $1,203,000 after buying an additional 207,300 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Angi in the fourth quarter worth approximately $74,000. 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.

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