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

Angi (NASDAQ:ANGI) had its price objective lowered by Citigroup from $2.00 to $1.70 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the company. KeyCorp dropped their target price 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 shares of Angi to a “hold” rating in a report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 price target on shares of Angi in a research report on Monday, December 16th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.06.

Angi Price Performance

Angi stock opened at $1.64 on Friday. The business’s fifty day moving average is $1.95 and its two-hundred day moving average is $2.23. 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 cap of $815.52 million, a P/E ratio of 23.43 and a beta of 1.86. Angi has a 52 week low of $1.57 and a 52 week high of $3.10.

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. The business 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 prior year, the company earned ($0.01) EPS. Equities research analysts forecast that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Several hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Angi during the second quarter worth approximately $26,000. Barclays PLC increased its holdings in shares of 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 acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new stake in Angi in the 3rd quarter valued at $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in Angi during the 2nd quarter valued at $85,000. Finally, Verition Fund Management LLC acquired a new stake in Angi during the 3rd quarter valued at $116,000. 12.84% of the stock is currently 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.