Angi (NASDAQ:ANGI) Given New $20.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank Of Canada raised Angi's price target from $17.00 to $20.00, suggesting a potential upside of 5.54% from the stock's previous close.
• Benchmark set a more optimistic price target of $27.00 for the stock while maintaining a "buy" rating, highlighting varying opinions among analysts.
• Angi reported a net margin of 5.50% and a revenue decrease of 11.7% year-over-year, with an earnings miss of $0.23 per share compared to the expected $0.24.

Angi (NASDAQ:ANGI - Free Report) had its price target upped by Royal Bank Of Canada from $17.00 to $20.00 in a report published on Thursday,Benzinga reports. The firm currently has a sector perform rating on the technology company's stock.

A number of other research analysts have also recently commented on ANGI. Benchmark upped their price target on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KeyCorp reduced their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group increased their price objective on Angi from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday. Citigroup cut Angi from a "buy" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, JMP Securities reiterated a "market perform" rating on shares of Angi in a research note on Monday, June 16th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.07.

Angi Trading Down 3.9%

NASDAQ:ANGI traded down $0.73 during trading hours on Thursday, reaching $18.17. 751,003 shares of the stock were exchanged, compared to its average volume of 792,631. The company has a quick ratio of 2.15, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $16.25 and a two-hundred day moving average of $15.71. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The company has a market capitalization of $871.98 million, a price-to-earnings ratio of 14.77 and a beta of 1.70.

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

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently bought and sold shares of ANGI. Raymond James Financial Inc. acquired a new stake in Angi in the fourth quarter valued at $27,000. Arrowstreet Capital Limited Partnership raised its stake in Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after buying an additional 914,037 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Angi in the fourth quarter valued at $199,000. Marshall Wace LLP acquired a new stake in Angi in the fourth quarter valued at $423,000. Finally, Stifel Financial Corp acquired a new stake in Angi in the fourth quarter valued at $90,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.