Angi (NASDAQ:ANGI) Receives Market Perform Rating from JMP Securities

Angi (NASDAQ:ANGI - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports.

ANGI has been the topic of a number of other research reports. Benchmark lifted their price objective on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup lowered their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded shares of Angi from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Citizens Jmp lowered Angi from an "outperform" rating to a "market perform" rating in a research note on Monday. Finally, KeyCorp decreased their price target on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.36.

Angi Stock Performance

ANGI traded up $0.30 during trading on Monday, reaching $15.74. The company's stock had a trading volume of 1,050,272 shares, compared to its average volume of 389,562. Angi has a 52-week low of $10.88 and a 52-week high of $29.15. The company's fifty day moving average price is $14.32 and its 200-day moving average price is $16.04. The company has a market capitalization of $755.32 million, a price-to-earnings ratio of 196.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Angi (NASDAQ:ANGI - Get Free Report) last announced 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. 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. On average, equities analysts forecast that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Several institutional investors have recently modified their holdings of ANGI. Raymond James Financial Inc. acquired a new position in shares of Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new position in shares of Angi during the 4th quarter worth approximately $30,000. Headlands Technologies LLC raised 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 purchasing an additional 18,523 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of Angi during the 4th quarter worth approximately $33,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Angi during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors 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.