Angi (NASDAQ:ANGI) Price Target Cut to $1.70 by Analysts at Citigroup

Angi (NASDAQ:ANGI) had its price objective decreased by Citigroup from $2.00 to $1.70 in a research report report published on Friday,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

ANGI has been the topic of several other reports. JMP Securities reissued a “market outperform” rating and set a $3.00 price target on shares of Angi in a research note on Monday, December 16th. KeyCorp decreased their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Benchmark decreased their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.06.

Angi Trading Up 1.2 %

Shares of ANGI opened at $1.64 on Friday. The firm’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $2.22. The company has a market capitalization of $815.52 million, a P/E ratio of 23.43 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. Angi has a 1-year low of $1.57 and a 1-year high of $3.10.

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

Institutional Trading of Angi

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Angi in the second quarter valued at $26,000. Barclays PLC boosted its holdings in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Angi during the 3rd quarter valued at $46,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Angi during the 2nd quarter valued at $85,000. Finally, Trust Co of the South boosted its holdings in shares of Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after buying an additional 25,500 shares in the last quarter. 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.