JMP Securities Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its target price dropped by JMP Securities from $3.00 to $2.75 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. JMP Securities’ target price would suggest a potential upside of 60.35% from the stock’s previous close.

Several other research firms have also recently issued reports on ANGI. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Citigroup increased their target price on shares of Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. KeyCorp lowered their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Finally, Benchmark lowered their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.07.

Angi Stock Performance

Shares of ANGI stock traded up $0.09 during trading on Thursday, reaching $1.72. 222,774 shares of the company’s stock traded hands, compared to its average volume of 1,022,304. The company has a market capitalization of $852.82 million, a P/E ratio of 24.79 and a beta of 1.86. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $1.75 and its 200 day moving average is $2.18. Angi has a 1 year low of $1.49 and a 1 year high of $3.10.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period in the prior year, the company posted ($0.01) EPS. Equities research analysts expect that Angi will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Angi during the 4th quarter valued at $27,000. Barclays PLC grew its holdings in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new stake in Angi in the 3rd quarter worth $46,000. Headlands Technologies LLC grew its holdings in Angi by 9,308.0% in the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock worth $47,000 after acquiring an additional 7,944 shares during the last quarter. 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.