Angi (NASDAQ:ANGI) Earns “Neutral” Rating from JPMorgan Chase & Co.

Angi (NASDAQ:ANGI)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday, MarketBeat.com reports.

Other equities analysts have also issued research reports about the company. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. Benchmark reduced their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and dropped their target price for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. KeyCorp reduced their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Angi presently has an average rating of “Hold” and an average target price of $3.11.

Angi Price Performance

Shares of ANGI stock opened at $1.73 on Wednesday. Angi has a fifty-two week low of $1.65 and a fifty-two week high of $3.10. 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 firm has a market capitalization of $860.28 million, a price-to-earnings ratio of 24.71 and a beta of 1.86. The stock’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.27.

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

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Angi in the 2nd quarter valued at $26,000. Barclays PLC raised its position in shares of Angi by 1,255.5% in the third 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 period. Centiva Capital LP acquired a new position in shares of Angi in the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi during the 2nd quarter worth about $85,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Angi during the 3rd quarter valued at about $116,000. 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.