Angi (NASDAQ:ANGI) Rating Lowered to “Neutral” at Citigroup

Angi (NASDAQ:ANGI) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $2.00 price objective on the technology company’s stock, down from their previous price objective of $3.25. Citigroup’s target price points to a potential upside of 14.29% from the stock’s current price.

Separately, UBS Group upgraded shares of Angi to a “hold” rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Angi has a consensus rating of “Moderate Buy” and an average target price of $3.25.

Angi Price Performance

Angi stock opened at $1.75 on Wednesday. Angi has a 52 week low of $1.74 and a 52 week high of $3.10. The business’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 2.05. The firm has a market cap of $872.67 million, a P/E ratio of 25.00 and a beta of 1.95.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter last year, the business earned ($0.01) earnings per share.

Hedge Funds Weigh In On Angi

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares during the period. Picton Mahoney Asset Management boosted its position in shares of Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after acquiring an additional 10,793 shares during the period. Headlands Technologies LLC acquired a new position in shares of Angi in the second quarter valued at about $26,000. Quadrature Capital Ltd increased its position in Angi by 21.4% during the first quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after acquiring an additional 17,102 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Angi in the 2nd quarter worth about $85,000. 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.