Angi (NASDAQ:ANGI) Stock Rating Lowered by Wall Street Zen

Angi (NASDAQ:ANGI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Other research analysts have also issued research reports about the stock. JMP Securities reiterated a “market perform” rating on shares of Angi in a research note on Monday, June 16th. Zacks Research lowered shares of Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Royal Bank Of Canada raised their price objective on shares of Angi from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Citizens Jmp lowered shares of Angi from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Finally, Citigroup lowered shares of Angi from a “buy” rating to a “market perform” rating in a research note on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Angi has a consensus rating of “Hold” and an average target price of $22.07.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $17.08 on Friday. The firm’s 50 day moving average is $17.37 and its two-hundred day moving average is $15.74. Angi has a 52 week low of $10.88 and a 52 week high of $29.15. The firm has a market capitalization of $757.33 million, a P/E ratio of 13.89 and a beta of 1.80. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Angi had a net margin of 5.50% and a return on equity of 5.73%. The company had revenue of $278.22 million for the quarter, compared to analyst estimates of $261.02 million. The company’s revenue was down 11.7% compared to the same quarter last year. Analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently modified their holdings of ANGI. Jane Street Group LLC boosted its stake in shares of Angi by 16.8% during the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock valued at $85,000 after buying an additional 7,340 shares during the period. State of Wyoming acquired a new stake in shares of Angi during the 4th quarter valued at $69,000. Two Sigma Investments LP boosted its stake in shares of 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 period. Two Sigma Advisers LP raised its holdings in shares of Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 207,300 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Angi in the 4th quarter valued at $74,000. Institutional investors and hedge funds 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.