JMP Securities Cuts Angi (NASDAQ:ANGI) Price Target to $3.00

Angi (NASDAQ:ANGI) had its target price cut by JMP Securities from $3.25 to $3.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

Several other brokerages also recently commented on ANGI. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group downgraded 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. 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. Finally, Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Angi presently has an average rating of “Moderate Buy” and a consensus target price of $3.25.

Angi Trading Down 1.7 %

Shares of Angi stock opened at $1.72 on Wednesday. Angi has a 52-week low of $1.65 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98. The company’s fifty day moving average price is $2.48 and its two-hundred day moving average price is $2.32. The firm has a market capitalization of $857.71 million, a PE ratio of 24.57 and a beta of 1.95.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the previous year, the company earned ($0.01) EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in shares of Angi by 1.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after acquiring an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 494,739 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after acquiring an additional 1,306,515 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 161,189 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

About Angi

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.