Angi (NASDAQ:ANGI) Hits New 12-Month Low After Analyst Downgrade

Shares of Angi Inc. (NASDAQ:ANGI) reached a new 52-week low on Thursday after JMP Securities lowered their price target on the stock from $3.25 to $3.00. JMP Securities currently has a market outperform rating on the stock. Angi traded as low as $1.79 and last traded at $1.79, with a volume of 83058 shares traded. The stock had previously closed at $1.85.

Other research analysts have also issued reports about the company. Citigroup lowered Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.50 in a research report on Wednesday. UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Finally, Benchmark decreased their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Angi has a consensus rating of “Moderate Buy” and a consensus price target of $3.25.

Institutional Investors Weigh In On Angi

A number of large investors have recently added to or reduced their stakes in ANGI. Assenagon Asset Management S.A. raised its position in Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Inspire Investing LLC raised its position 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 purchasing an additional 279,083 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Angi during the third quarter valued at about $645,000. Finally, AQR Capital Management LLC grew its stake in shares of Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Down 5.1 %

The stock has a 50 day moving average price of $2.50 and a 200-day moving average price of $2.33. The stock has a market capitalization of $872.67 million, a P/E ratio of 25.00 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data 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 period last year, the firm earned ($0.01) earnings per share.

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.