Angi (NASDAQ:ANGI) Price Target Lowered to $17.00 at Royal Bank of Canada

Angi (NASDAQ:ANGI - Free Report) had its price objective decreased by Royal Bank of Canada from $27.50 to $17.00 in a research report released on Tuesday, Marketbeat.com reports. Royal Bank of Canada currently has a sector perform rating on the technology company's stock.

Several other equities analysts have also weighed in on ANGI. StockNews.com raised Angi from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Citigroup increased their price target on Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. JMP Securities decreased their price objective on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Angi in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $28.25.

Angi Stock Performance

ANGI traded up $0.17 during midday trading on Tuesday, reaching $11.60. The company had a trading volume of 1,195,124 shares, compared to its average volume of 209,206. The business has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $18.33. 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 has a 12-month low of $11.00 and a 12-month high of $29.15. The stock has a market cap of $576.83 million, a PE ratio of 145.02 and a beta of 1.88.

Institutional Investors Weigh In On Angi

A number of institutional investors and hedge funds have recently modified their holdings of ANGI. Raymond James Financial Inc. purchased a new stake in Angi in the 4th quarter worth approximately $27,000. Hsbc Holdings PLC purchased a new stake in Angi in the fourth quarter worth approximately $30,000. Headlands Technologies LLC grew its position in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after acquiring an additional 18,523 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of Angi during the fourth quarter worth approximately $33,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Angi in the 4th quarter worth approximately $41,000. 12.84% of the stock is 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.