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

Angi (NASDAQ:ANGI - Get Free Report) had its price objective reduced by stock analysts at KeyCorp from $22.00 to $19.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. KeyCorp's price target would suggest a potential upside of 62.06% from the stock's current price.

ANGI has been the subject of several other reports. StockNews.com cut shares of Angi from a "buy" rating to a "hold" rating in a research note on Friday. Citigroup cut their target price on shares of Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. JMP Securities reduced their price objective on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Royal Bank of Canada decreased their target price on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $27.08.

Angi Trading Down 0.6 %

Shares of ANGI stock traded down $0.07 during mid-day trading on Monday, hitting $11.72. 169,615 shares of the company's stock were exchanged, compared to its average volume of 250,299. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The stock has a market cap of $583.00 million, a price-to-earnings ratio of 146.91 and a beta of 1.84. The stock has a 50-day simple moving average of $14.16 and a two-hundred day simple moving average of $17.39. Angi has a fifty-two week low of $11.00 and a fifty-two week high of $29.15.

Institutional Trading of Angi

Several hedge funds and other institutional investors have recently bought and sold shares of ANGI. Barclays PLC grew its position in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after acquiring an additional 15,191 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Angi by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after purchasing an additional 65,119 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Angi in the 4th quarter worth about $210,000. Jones Financial Companies Lllp boosted its holdings in shares of Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock valued at $47,000 after buying an additional 7,944 shares during the period. Finally, M&T Bank Corp grew its position in shares of Angi by 16.7% during the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock valued at $978,000 after buying an additional 84,304 shares during the last quarter. 12.84% of the stock is owned by institutional investors.

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.

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