Angi (NASDAQ:ANGI - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.
Other equities research analysts have also recently issued research reports about the stock. Citizens Jmp reiterated a "market perform" rating on shares of Angi in a research report on Monday, July 13th. The Goldman Sachs Group set a $6.00 price objective on shares of Angi and gave the company a "neutral" rating in a report on Monday, July 13th. Truist Financial set a $10.00 price objective on shares of Angi and gave the company a "buy" rating in a research note on Thursday. Royal Bank Of Canada set a $14.00 target price on shares of Angi in a report on Tuesday, May 26th. Finally, UBS Group set a $5.00 target price on shares of Angi and gave the company a "neutral" rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.29.
View Our Latest Analysis on Angi
Angi Price Performance
Angi stock opened at $4.84 on Friday. The business's 50-day simple moving average is $5.79 and its 200 day simple moving average is $7.28. The company has a quick ratio of 1.50, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $195.77 million, a price-to-earnings ratio of -0.88 and a beta of 1.62. Angi has a 12-month low of $4.26 and a 12-month high of $18.94.
Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $253.43 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The business's revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, research analysts anticipate that Angi will post 0.16 earnings per share for the current year.
Hedge Funds Weigh In On Angi
Institutional investors and hedge funds have recently made changes to their positions in the company. Flax Pond Capital LLC bought a new position in shares of Angi in the 1st quarter valued at about $3,324,000. Pacer Advisors Inc. bought a new stake in Angi during the first quarter worth about $1,592,000. Empowered Funds LLC bought a new stake in Angi during the first quarter worth about $1,136,000. Bank of America Corp DE acquired a new position in Angi during the first quarter valued at approximately $325,000. Finally, California State Teachers Retirement System acquired a new position in Angi during the first quarter valued at approximately $237,000. Institutional investors and hedge funds own 12.84% of the company's stock.
About Angi
(
Get Free Report)
Angi NASDAQ: ANGI operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company's services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.
Originally founded in 1995 as Angie's List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.
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