Angi (NASDAQ:ANGI) Given New $2.00 Price Target at Citigroup

Angi (NASDAQ:ANGIFree Report) had its price objective hoisted by Citigroup from $1.70 to $2.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other research firms also recently commented on ANGI. KeyCorp reduced their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, Benchmark reduced their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.11.

Read Our Latest Analysis on ANGI

Angi Stock Performance

NASDAQ:ANGI opened at $1.80 on Friday. The stock has a 50-day moving average price of $1.78 and a 200 day moving average price of $2.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 12-month low of $1.49 and a 12-month high of $3.10. The stock has a market capitalization of $895.09 million, a P/E ratio of 25.71 and a beta of 1.86.

Angi (NASDAQ:ANGIGet Free Report) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the business posted ($0.01) earnings per share. Equities research analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 1,306,515 shares during the period. 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 purchasing an additional 494,739 shares in the last quarter. Inspire Investing LLC raised its holdings in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 279,083 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Angi during the third quarter worth approximately $645,000. Finally, AQR Capital Management LLC grew its holdings in Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the period. 12.84% of the stock is owned by institutional investors and hedge funds.

About Angi

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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.

Further Reading

Analyst Recommendations for Angi (NASDAQ:ANGI)

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