Angi (NASDAQ:ANGI) Reaches New 12-Month Low – What’s Next?

Angi Inc. (NASDAQ:ANGI) hit a new 52-week low on Monday . The company traded as low as $11.00 and last traded at $11.13, with a volume of 145177 shares traded. The stock had previously closed at $12.20.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ANGI. JMP Securities reduced their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup upped their price target on shares of Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.50.

Angi Stock Performance

The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $586.23 million, a P/E ratio of 148.58 and a beta of 1.88. The company has a 50 day moving average price of $16.72 and a 200-day moving average price of $19.45.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Angi in the 4th quarter worth about $74,000. Two Sigma Advisers LP boosted its position in Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP grew its holdings in Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after acquiring an additional 158,662 shares during the period. State of Wyoming bought a new stake in shares of Angi during the 4th quarter valued at about $69,000. Finally, Graham Capital Management L.P. bought a new position in shares of Angi during the 4th quarter worth approximately $46,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.