Royal Bank Of Canada Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price target dropped by equities researchers at Royal Bank Of Canada from $20.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 59.43% from the company’s current price.

Several other equities analysts also recently issued reports on the company. Wall Street Zen downgraded Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research downgraded Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. UBS Group increased their price target on Angi from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings cut shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, KeyCorp reduced their price objective on shares of Angi from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.50.

Angi Stock Performance

Shares of ANGI opened at $11.29 on Thursday. The firm has a fifty day moving average of $15.41 and a 200-day moving average of $15.76. The company has a market cap of $500.62 million, a price-to-earnings ratio of 9.18 and a beta of 1.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. Angi has a 1 year low of $10.88 and a 1 year high of $26.50.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.10). The firm had revenue of $265.63 million during the quarter, compared to the consensus estimate of $268.96 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. The company’s revenue was down 10.5% on a year-over-year basis. As a group, equities analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Trading of Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. purchased a new position in Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. 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.