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

Angi (NASDAQ:ANGI - Get Free Report)'s stock had its "market perform" rating restated by JMP Securities in a research report issued on Monday,Benzinga reports.

Several other research analysts have also issued reports on the company. Benchmark upped their target price on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. UBS Group reduced their target price on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. KeyCorp reduced their target price on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citizens Jmp lowered Angi from an "outperform" rating to a "market perform" rating in a research report on Monday. Finally, Royal Bank Of Canada cut their price objective on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Angi presently has an average rating of "Hold" and an average price target of $21.36.

Angi Stock Down 1.1%

NASDAQ:ANGI traded down $0.17 during mid-day trading on Monday, hitting $15.04. 859,189 shares of the company's stock traded hands, compared to its average volume of 397,023. The company has a fifty day moving average of $14.48 and a 200 day moving average of $16.01. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The company has a market capitalization of $721.77 million, a P/E ratio of 13.67 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 2.15.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC increased its holdings in shares of Angi by 5.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after purchasing an additional 267,946 shares during the period. Westerly Capital Management LLC grew its holdings in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock worth $4,714,000 after acquiring an additional 490,000 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Angi by 113.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after acquiring an additional 914,037 shares during the period. Two Sigma Investments LP grew its holdings in Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after acquiring an additional 158,662 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after acquiring an additional 207,300 shares during the period. 12.84% of the stock is 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.