Angi’s (ANGI) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Angi (NASDAQ:ANGI) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. KeyCorp cut their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. JMP Securities restated a “market outperform” rating and set a $3.00 target price on shares of Angi in a research note on Monday, December 16th. Finally, Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.25 to $2.00 in a report on Wednesday, November 13th. Five equities research 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 an average rating of “Hold” and a consensus target price of $3.11.

Angi Stock Down 1.8 %

NASDAQ ANGI opened at $1.67 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market cap of $830.44 million, a price-to-earnings ratio of 23.86 and a beta of 1.86. The company has a 50 day moving average of $2.14 and a 200-day moving average of $2.26. Angi has a 1-year low of $1.62 and a 1-year high of $3.10.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data 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 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 in the previous year, the firm earned ($0.01) EPS. On average, equities research analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Several hedge funds have recently modified their holdings of the company. Inspire Investing LLC raised its position in Angi by 152.5% in 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 during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Angi in the second quarter valued at approximately $183,000. Dimensional Fund Advisors LP raised its holdings in Angi by 36.4% in 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 buying an additional 494,739 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Angi during the 2nd quarter worth approximately $26,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Angi by 46.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after acquiring an additional 83,704 shares during the last quarter. Institutional investors and hedge funds 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.