Angi (NASDAQ:ANGI) Shares Down 5.2% - Should You Sell?

Key Points

• Angi Inc. shares fell by 5.2% to close at $15.05 after trading at a low of $15.13, with volume dropping 95% compared to the average.
• Analyst ratings on Angi have shifted, with Zacks Research downgrading the stock from "strong-buy" to "hold," while UBS Group raised the price target to $22.00, maintaining a "neutral" rating.
• The company's latest earnings report showed a net margin of 5.50% on revenues of $278.22 million, but it missed the earnings per share estimate, leading to an 11.7% decline in quarterly revenue compared to the previous year.

Angi Inc. (NASDAQ:ANGI - Get Free Report) shares dropped 5.2% on Tuesday . The company traded as low as $15.13 and last traded at $15.05. Approximately 42,564 shares were traded during trading, a decline of 95% from the average daily volume of 815,710 shares. The stock had previously closed at $15.87.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Angi in a report on Monday, June 16th. Zacks Research cut shares of Angi from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. UBS Group lifted their price target on Angi from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Angi from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, Citizens Jmp downgraded shares of Angi from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.07.

Angi Stock Performance

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The company's 50-day moving average is $17.33 and its two-hundred day moving average is $15.78. The firm has a market cap of $657.16 million, a P/E ratio of 12.02 and a beta of 1.75.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $278.22 million for 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%.The company's quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Large investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in Angi by 16.8% in the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after buying an additional 7,340 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Angi during the fourth quarter worth $74,000. Finally, Poehling Capital Management INC. bought a new position in Angi during the second quarter valued at approximately $231,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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