Angi (NASDAQ:ANGI) Given New $19.00 Price Target at KeyCorp

Angi (NASDAQ:ANGI) had its price objective decreased by KeyCorp from $22.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

A number of other brokerages have also commented on ANGI. StockNews.com lowered Angi from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Royal Bank of Canada decreased their price target on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Citigroup dropped their price objective on shares of Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, JMP Securities decreased their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.08.

Angi Stock Up 34.7 %

ANGI stock opened at $15.15 on Monday. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The company has a market cap of $753.36 million, a price-to-earnings ratio of 189.40 and a beta of 1.84. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $13.90 and a two-hundred day moving average price of $17.24.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.24. The firm had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. Analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in Angi in the 4th quarter worth about $74,000. Two Sigma Advisers LP raised its position in shares of Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 207,300 shares during the period. Two Sigma Investments LP lifted its stake in shares of Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after buying an additional 158,662 shares in the last quarter. State of Wyoming purchased a new position in Angi in the 4th quarter valued at approximately $69,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Angi during the fourth quarter worth $46,000. Hedge funds and other institutional investors 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.