Angi (NASDAQ:ANGI) Rating Lowered to Neutral at The Goldman Sachs Group

Angi (NASDAQ:ANGI) was downgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $2.50 price target on the technology company’s stock, down from their prior price target of $3.25. The Goldman Sachs Group’s price target indicates a potential upside of 42.86% from the company’s previous close.

ANGI has been the subject of a number of other research reports. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Angi currently has an average rating of “Moderate Buy” and an average target price of $3.25.

Angi Trading Down 5.1 %

Shares of ANGI stock opened at $1.75 on Wednesday. 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 stock has a fifty day simple moving average of $2.50 and a two-hundred day simple moving average of $2.33. The firm has a market capitalization of $872.67 million, a PE ratio of 25.00 and a beta of 1.95. Angi has a 52-week low of $1.74 and a 52-week high of $3.10.

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. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same quarter last year, the company earned ($0.01) EPS.

Institutional Trading of Angi

Several institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC increased its holdings in Angi by 152.5% during the third 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 during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Angi during the second quarter valued at about $183,000. Vanguard Group Inc. boosted its holdings in shares of Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after buying an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 494,739 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Angi during the first quarter valued at approximately $162,000. 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.