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

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

A number of other analysts also recently weighed in on ANGI. UBS Group decreased their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. 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. Citizens Jmp downgraded Angi from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. JMP Securities reiterated a "market perform" rating on shares of Angi in a report on Monday, June 16th. Finally, Citigroup downgraded Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Angi has a consensus rating of "Hold" and a consensus target price of $21.36.

Angi Trading Up 2.2%

NASDAQ ANGI traded up $0.37 on Friday, reaching $16.73. The company had a trading volume of 632,242 shares, compared to its average volume of 466,766. The firm has a market cap of $802.63 million, a price-to-earnings ratio of 15.20 and a beta of 1.78. Angi has a fifty-two week low of $10.88 and a fifty-two week high of $29.15. The business has a 50 day moving average of $15.34 and a two-hundred day moving average of $15.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 2.15.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share 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%. Analysts forecast that Angi will post 0.08 EPS for the current year.

Institutional Trading of Angi

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC grew its stake in shares of Angi by 16.8% in the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock valued at $85,000 after buying an additional 7,340 shares during the period. Jones Financial Companies Lllp grew 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 buying an additional 7,944 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Angi in the 4th quarter valued at about $27,000. PNC Financial Services Group Inc. lifted its position in Angi by 24.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after acquiring an additional 17,605 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Angi in the 4th quarter valued at about $30,000. 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.