Citigroup Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI - Get Free Report) had its price target dropped by equities research analysts at Citigroup from $18.00 to $14.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Citigroup's target price would indicate a potential upside of 21.95% from the stock's previous close.

Several other brokerages have also recently issued reports on ANGI. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Finally, Royal Bank of Canada cut their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.25.

Angi Price Performance

Shares of ANGI stock traded down $0.41 during trading on Friday, hitting $11.48. The company had a trading volume of 479,845 shares, compared to its average volume of 238,246. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The firm has a market capitalization of $570.87 million, a P/E ratio of 143.52 and a beta of 1.88. The stock's 50-day moving average price is $14.50 and its 200 day moving average price is $17.72. Angi has a one year low of $11.00 and a one year high of $29.15.

Institutional Investors Weigh In On Angi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGI. Barclays PLC lifted its stake in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after acquiring an additional 15,191 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after acquiring an additional 65,119 shares during the last quarter. Trust Co of the South lifted its stake in shares of Angi by 98.9% in the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock valued at $85,000 after acquiring an additional 25,500 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Angi in the 4th quarter valued at $210,000. Finally, Jones Financial Companies Lllp lifted 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 valued at $47,000 after acquiring an additional 7,944 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.

Angi Company Profile

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.