Angi’s (ANGI) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Angi (NASDAQ:ANGI) in a research note issued to investors on Monday,Benzinga reports. JMP Securities currently has a $3.00 price objective on the technology company’s stock.

A number of other research analysts also recently commented on ANGI. KeyCorp decreased their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. Finally, Benchmark cut their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.11.

Angi Stock Down 1.7 %

Angi stock opened at $1.74 on Monday. The company has a market cap of $865.25 million, a P/E ratio of 24.86 and a beta of 1.86. Angi has a 1-year low of $1.65 and a 1-year high of $3.10. The company has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $2.27. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last released its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter last year, the firm earned ($0.01) earnings per share. Research analysts anticipate that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

Several hedge funds and other institutional investors have recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC raised its stake in Angi by 1.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after purchasing an additional 84,328 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after buying an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares in the last quarter. Institutional investors and hedge funds 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.