Benchmark Has Lowered Expectations for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price target trimmed by Benchmark from $7.00 to $6.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other research firms also recently weighed in on ANGI. UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.25 to $2.00 in a research report on Wednesday. Finally, The Goldman Sachs Group lowered 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 report on Wednesday. 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 presently has an average rating of “Moderate Buy” and an average price target of $3.25.

Angi Stock Performance

Shares of NASDAQ:ANGI opened at $1.85 on Wednesday. The firm has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.33. The company has a quick ratio of 1.98, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $920.05 million, a P/E ratio of 26.36 and a beta of 1.95. Angi has a 52 week low of $1.79 and a 52 week high of $3.10.

Angi (NASDAQ:ANGI) 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.

Institutional Trading of Angi

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Angi in the 2nd quarter worth about $26,000. BNP Paribas Financial Markets grew its stake in Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Angi in the 2nd quarter worth about $85,000. SG Americas Securities LLC purchased a new position in shares of Angi during the first quarter worth approximately $162,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Angi during the second quarter valued at approximately $183,000. 12.84% of the stock is currently owned by institutional investors.

Angi Company Profile

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.