JMP Securities Lowers Angi (NASDAQ:ANGI) Price Target to $3.00

Angi (NASDAQ:ANGI) had its price objective decreased by analysts at JMP Securities from $3.25 to $3.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price objective would indicate a potential upside of 71.43% from the company’s previous close.

Several other research firms also recently weighed in on ANGI. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.50 in a research report on Wednesday. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $3.25 to $2.00 in a report on Wednesday. Finally, Benchmark cut their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3.25.

Angi Stock Performance

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

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 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 during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the business posted ($0.01) earnings per share.

Institutional Investors Weigh In On Angi

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in Angi by 44.6% during 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Angi in the first quarter valued at about $162,000. Picton Mahoney Asset Management lifted its stake in Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after acquiring an additional 10,793 shares during the period. Vanguard Group Inc. lifted its stake in Angi by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after acquiring an additional 95,514 shares during the period. Finally, Quadrature Capital Ltd grew its holdings in Angi by 21.4% during the 1st 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 in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.