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

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

A number of other research firms also recently commented on ANGI. Citigroup downgraded Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th. KeyCorp lowered their price target on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JMP Securities restated a "market perform" rating on shares of Angi in a report on Monday, June 16th. Royal Bank Of Canada lowered their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Finally, Benchmark increased their price target on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.36.

Angi Trading Down 3.9%

NASDAQ ANGI traded down $0.66 on Friday, reaching $16.08. The company had a trading volume of 772,539 shares, compared to its average volume of 467,989. The stock's 50 day moving average is $15.42 and its 200-day moving average is $15.73. The stock has a market cap of $771.68 million, a price-to-earnings ratio of 14.62 and a beta of 1.78. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.47. Angi has a 52 week low of $10.88 and a 52 week high of $29.15.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million during the quarter, compared to the consensus estimate of $239.73 million. Angi had a return on equity of 4.99% and a net margin of 4.69%. Equities analysts predict that Angi will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ANGI. Raymond James Financial Inc. bought a new position in shares of Angi during the fourth quarter worth about $27,000. Hsbc Holdings PLC bought a new position in shares of Angi during the fourth quarter worth about $30,000. Headlands Technologies LLC grew its holdings in shares of Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after buying an additional 18,523 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of Angi during the fourth quarter worth about $33,000. Finally, Two Sigma Securities LLC bought a new position in shares of Angi during the fourth quarter worth about $41,000. 12.84% of the stock is currently owned by institutional investors.

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.