JMP Securities Reaffirms “Market Outperform” Rating for Angi (NASDAQ:ANGI)

Angi (NASDAQ:ANGI)‘s stock had its “market outperform” rating reissued by JMP Securities in a report released on Monday,Benzinga reports. They currently have a $3.00 price target on the technology company’s stock. JMP Securities’ target price suggests a potential upside of 66.67% from the company’s current price.

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

Angi Trading Up 1.7 %

Shares of ANGI opened at $1.80 on Monday. The company has a market capitalization of $895.09 million, a PE ratio of 25.71 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi has a fifty-two week low of $1.65 and a fifty-two week high of $3.10. The stock has a fifty day moving average of $2.20 and a two-hundred day moving average of $2.27.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the prior year, the company posted ($0.01) EPS. As a group, analysts forecast that Angi will post 0.08 EPS for the current year.

Institutional Trading of Angi

A number of institutional investors and hedge funds have recently modified their holdings of ANGI. Assenagon Asset Management S.A. lifted its holdings in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after purchasing an additional 1,306,515 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after acquiring an additional 494,739 shares during the period. Inspire Investing LLC grew its position in shares of Angi by 152.5% during the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after acquiring an additional 279,083 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Angi in the 3rd quarter valued at about $645,000. Finally, AQR Capital Management LLC boosted its stake in Angi by 24.1% during the 2nd 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

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.