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

Wall Street Zen downgraded shares of Angi (NASDAQ:ANGI) from a buy rating to a hold rating in a report issued on Saturday morning.

ANGI has been the topic of several other reports. UBS Group lifted their price target on shares of Angi from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price target on shares of Angi from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Zacks Research downgraded shares of Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Weiss Ratings downgraded shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Angi has a consensus rating of “Hold” and an average price target of $22.07.

Angi Trading Down 0.6%

ANGI stock opened at $14.10 on Friday. The company has a market capitalization of $625.22 million, a PE ratio of 11.46 and a beta of 1.75. Angi has a one year low of $10.88 and a one year high of $27.10. The company’s 50 day moving average price is $16.32 and its two-hundred day moving average price is $15.75. 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 (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $278.22 million for the quarter, compared to analysts’ expectations of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.Angi’s revenue was down 11.7% compared to the same quarter last year. As a group, analysts predict that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. acquired a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.