Angi (NASDAQ:ANGI) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Angi (NASDAQ:ANGI) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

ANGI has been the topic of a number of other research reports. Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. KeyCorp cut their price target on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. JMP Securities cut their price target on Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Finally, UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.05.

Angi Stock Performance

ANGI stock opened at $1.72 on Tuesday. 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 business’s fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $2.15. Angi has a twelve month low of $1.49 and a twelve month high of $2.94. The firm has a market cap of $855.30 million, a price-to-earnings ratio of 21.50 and a beta of 1.86.

Institutional Investors Weigh In On Angi

Several institutional investors have recently added to or reduced their stakes in ANGI. Assenagon Asset Management S.A. boosted its holdings in Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Angi in the third quarter worth about $645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Angi by 46.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after acquiring an additional 83,704 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Angi during the third quarter worth about $116,000. Finally, ArrowMark Colorado Holdings LLC boosted its position in Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after buying an additional 84,328 shares during 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.