Angi (NASDAQ:ANGI) Price Target Lowered to $19.00 at KeyCorp

Angi (NASDAQ:ANGI - Free Report) had its price objective decreased by KeyCorp from $22.00 to $19.00 in a research note issued to investors on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company's stock.

A number of other research firms also recently issued reports 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 research report on Thursday, February 13th. Royal Bank of Canada dropped their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. StockNews.com lowered shares of Angi from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Citigroup lowered their price target on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.36.

Angi Trading Up 7.3 %

NASDAQ:ANGI traded up $1.10 during trading hours on Monday, reaching $16.08. 1,925,632 shares of the company were exchanged, compared to its average volume of 297,358. The firm has a market cap of $799.61 million, a price-to-earnings ratio of 201.03 and a beta of 1.84. The stock has a 50 day simple moving average of $13.87 and a 200 day simple moving average of $17.11. Angi has a 52-week low of $10.88 and a 52-week high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI - Get Free Report) last issued its earnings results 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 firm had revenue of $245.91 million for the quarter, compared to analysts' expectations of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. As a group, analysts predict that Angi will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after buying an additional 914,037 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in Angi in the fourth quarter valued at $1,079,000. Westerly Capital Management LLC boosted its stake in Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after acquiring an additional 490,000 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Angi during the 4th quarter worth $469,000. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock worth $8,296,000 after purchasing an additional 267,946 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.

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.