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

Key Points

• Angi's stock rating was downgraded from "buy" to "hold" by Wall Street Zen, reflecting a shift in market sentiment.
• Two analysts rated Angi as "buy," while eight have given it a "hold" rating, indicating mixed opinions about the stock's future performance.
• Angi reported a quarterly earnings miss with $0.23 per share, falling short of the estimated $0.24 and showing an 11.7% decrease in year-over-year revenue.

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

ANGI has been the subject of several other research reports. UBS Group upped their target price on shares of Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Angi in a report on Friday. Royal Bank Of Canada increased their price target on shares of Angi from $17.00 to $20.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Finally, Zacks Research cut shares of Angi from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.07.

Angi Stock Performance

Shares of ANGI stock opened at $14.18 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79. The business's 50 day simple moving average is $16.40 and its 200 day simple moving average is $15.69. Angi has a one year low of $10.88 and a one year high of $27.10. The stock has a market capitalization of $628.77 million, a PE ratio of 11.53 and a beta of 1.75.

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

Hedge Funds Weigh In On Angi

An institutional investor recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,146 shares of the technology company's stock, valued at approximately $231,000. Institutional investors and hedge funds 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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