Angi (NASDAQ:ANGI) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Angi (NASDAQ:ANGI) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the company. The Goldman Sachs Group set a $6.00 target price on Angi and gave the stock a “neutral” rating in a report on Monday, July 13th. Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. UBS Group set a $5.00 price objective on shares of Angi and gave the company a “neutral” rating in a research report on Friday. Benchmark reaffirmed a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. Finally, Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Angi has a consensus rating of “Hold” and a consensus target price of $9.29.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $4.59 on Friday. Angi has a 1 year low of $4.26 and a 1 year high of $18.76. The firm has a market cap of $185.66 million, a P/E ratio of -0.83 and a beta of 1.62. The stock has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $7.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. Research analysts forecast that Angi will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new stake in shares of Angi during the 1st quarter valued at $1,592,000. Flax Pond Capital LLC purchased a new position in shares of Angi during the 1st quarter valued at $3,324,000. Empowered Funds LLC acquired a new position in shares of Angi in the first quarter worth $1,136,000. Parallel Advisors LLC acquired a new position in shares of Angi in the first quarter worth $25,000. Finally, Bank of America Corp DE purchased a new stake in shares of Angi during the first quarter worth $325,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.