Angi (NASDAQ:ANGI) Trading Down 4.9% – Here’s Why

Shares of Angi Inc. (NASDAQ:ANGI) fell 4.9% during trading on Friday . The stock traded as low as $1.74 and last traded at $1.75. 853,817 shares were traded during trading, an increase of 10% from the average session volume of 773,984 shares. The stock had previously closed at $1.84.

Wall Street Analyst Weigh In

ANGI has been the subject of several research analyst reports. KeyCorp cut their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, Benchmark dropped their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $877.68 million, a price-to-earnings ratio of 26.29 and a beta of 1.86. The company has a fifty day moving average of $2.22 and a two-hundred day moving average of $2.27.

Angi (NASDAQ:ANGI) last issued its quarterly 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 firm had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Equities research analysts anticipate that Angi Inc. will post 0.08 EPS for the current year.

Institutional Trading of Angi

A number of large investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Angi during the second quarter worth $26,000. Barclays PLC lifted its holdings in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Centiva Capital LP bought a new position in Angi in the 3rd quarter worth about $46,000. Susquehanna Fundamental Investments LLC bought a new position in Angi in the 2nd quarter worth about $85,000. Finally, Verition Fund Management LLC bought a new stake in shares of Angi during the third quarter valued at about $116,000. 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.