JMP Securities Has Lowered Expectations for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price target cut by equities research analysts at JMP Securities from $3.00 to $2.75 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price objective points to a potential upside of 49.46% from the company’s current price.

Several other brokerages have also recently weighed in on ANGI. Benchmark reduced their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock 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. Citigroup boosted their price target on shares of Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.07.

Angi Stock Performance

Shares of ANGI opened at $1.84 on Thursday. The company’s fifty day moving average is $1.75 and its 200 day moving average is $2.17. Angi has a fifty-two week low of $1.49 and a fifty-two week high of $3.10. The stock has a market capitalization of $914.97 million, a PE ratio of 26.29 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Angi during the fourth quarter worth $27,000. Barclays PLC boosted its stake in shares of Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the period. Centiva Capital LP purchased a new stake in shares of Angi during the third quarter valued at $46,000. Hsbc Holdings PLC purchased a new stake in shares of Angi during the fourth quarter valued at $30,000. Finally, Headlands Technologies LLC boosted its stake in shares of Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after purchasing an additional 18,523 shares during the period. 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.