Angi (NASDAQ:ANGI) Hits New 1-Year Low Following Analyst Downgrade

Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday after UBS Group lowered their price target on the stock from $24.00 to $20.00. UBS Group currently has a neutral rating on the stock. Angi traded as low as $10.93 and last traded at $11.02, with a volume of 152518 shares traded. The stock had previously closed at $11.20.

Several other research firms also recently weighed in on ANGI. JMP Securities dropped their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Benchmark increased their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. StockNews.com cut Angi from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. KeyCorp cut their price target on shares of Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Citigroup lowered their price objective on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Angi currently has an average rating of "Hold" and an average price target of $21.36.

Institutional Trading of Angi

A number of institutional investors have recently bought and sold shares of ANGI. Raymond James Financial Inc. acquired a new stake in shares of Angi during the 4th quarter worth about $27,000. Barclays PLC raised its holdings in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Angi during the 4th quarter worth approximately $30,000. Headlands Technologies LLC lifted its position in shares of Angi by 9,308.0% during the 4th 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 during the last quarter. Finally, Oxford Asset Management LLP acquired a new position in shares of Angi in the 4th quarter valued at $33,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Price Performance

The stock's 50-day moving average is $13.87 and its 200 day moving average is $17.06. 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 stock has a market capitalization of $799.61 million, a PE ratio of 201.03 and a beta of 1.84.

Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The company had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. As a group, equities analysts expect that Angi Inc. will post 0.08 earnings per share for the current year.

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.