KeyCorp Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price target lowered by equities researchers at KeyCorp from $3.00 to $2.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would suggest a potential upside of 1.27% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, JMP Securities lowered their price objective on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.11.

Angi Stock Performance

NASDAQ ANGI opened at $1.98 on Wednesday. The company has a market capitalization of $984.87 million, a PE ratio of 28.21 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The company has a 50-day simple moving average of $2.44 and a 200 day simple moving average of $2.31. Angi has a 52-week low of $1.65 and a 52-week high of $3.10.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The firm had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter last year, the company earned ($0.01) earnings per share. On average, research analysts predict that Angi will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Angi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. Vanguard Group Inc. raised its holdings in Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after purchasing an additional 95,514 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after purchasing an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Angi by 36.4% during the 2nd 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 during the last quarter. Assenagon Asset Management S.A. grew its position in Angi by 1,372.4% during the 3rd 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 during the last quarter. Finally, AQR Capital Management LLC grew its position in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the last quarter. 12.84% of the stock is currently 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.