Angi (NASDAQ:ANGI) Lowered to “Neutral” Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Angi (NASDAQ:ANGI) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has $2.50 target price on the technology company’s stock, down from their previous target price of $3.25.

Several other analysts have also recently weighed in on the company. Citigroup cut 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 report on Wednesday. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.25.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.72 on Wednesday. The firm has a 50 day simple moving average of $2.48 and a 200 day simple moving average of $2.33. The company has a market cap of $857.71 million, a price-to-earnings ratio of 24.57 and a beta of 1.95. Angi has a one year low of $1.65 and a one year 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.

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

Institutional Trading of Angi

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares during the period. SG Americas Securities LLC bought a new stake in Angi in the first quarter worth approximately $162,000. Picton Mahoney Asset Management boosted its holdings in shares of Angi by 3.5% during the 1st quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after buying an additional 10,793 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after buying an additional 95,514 shares during the period. Finally, Quadrature Capital Ltd increased its stake in shares of Angi by 21.4% in the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock valued at $256,000 after acquiring an additional 17,102 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors.

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.