Angi (NASDAQ:ANGI) Downgraded to Hold Rating by Zacks Research

Angi (NASDAQ:ANGI) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. UBS Group boosted 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. Wall Street Zen cut shares of Angi from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Royal Bank Of Canada boosted 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. Citizens Jmp cut shares of Angi from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Finally, Citigroup cut shares of Angi from a “buy” rating to a “market perform” rating in a research note on Monday, June 16th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.07.

Angi Stock Performance

Angi stock opened at $18.10 on Monday. The firm’s 50 day simple moving average is $17.16 and its 200 day simple moving average is $15.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $802.55 million, a PE ratio of 14.72 and a beta of 1.80. Angi has a 1-year low of $10.88 and a 1-year high of $29.15.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $278.22 million for the quarter, compared to the consensus estimate of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.The firm’s revenue was down 11.7% on a year-over-year basis. As a group, analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Angi in the 4th quarter valued at $27,000. Stifel Financial Corp bought a new stake in Angi during the 4th quarter valued at $90,000. Two Sigma Investments LP raised its holdings in Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after buying an additional 158,662 shares during the last quarter. State of Wyoming bought a new stake in Angi during the 4th quarter valued at $69,000. Finally, Balyasny Asset Management L.P. bought a new stake in Angi during the 4th quarter valued at $97,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

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.