KeyCorp Cuts Angi (NASDAQ:ANGI) Price Target to $3.00

Angi (NASDAQ:ANGI) had its price target reduced by KeyCorp from $4.00 to $3.00 in a research report sent to investors on Friday morning, Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada boosted their target price on Angi from $2.25 to $3.25 and gave the stock a sector perform rating in a research report on Thursday, February 15th. UBS Group raised their target price on Angi from $2.60 to $3.00 and gave the company a neutral rating in a report on Thursday, February 15th. The Goldman Sachs Group upped their price target on shares of Angi from $3.00 to $3.50 and gave the stock a buy rating in a research note on Friday, February 16th. Finally, StockNews.com upgraded shares of Angi from a hold rating to a buy rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Angi has a consensus rating of Moderate Buy and an average target price of $4.11.

Angi Price Performance

Shares of NASDAQ ANGI opened at $2.54 on Friday. The stock has a fifty day moving average price of $2.44 and a 200 day moving average price of $2.33. Angi has a 1-year low of $1.54 and a 1-year high of $4.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $1.28 billion, a PE ratio of -31.75 and a beta of 1.97.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. The company had revenue of $300.43 million during the quarter, compared to analysts’ expectations of $306.73 million. Sell-side analysts forecast that Angi will post -0.01 EPS for the current year.

Insider Buying and Selling at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $2.58, for a total transaction of $30,309.84. Following the completion of the transaction, the chief technology officer now directly owns 166,034 shares in the company, valued at approximately $428,367.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 35,244 shares of company stock valued at $85,643 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Pale Fire Capital SE grew its holdings in Angi by 377.0% in the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after purchasing an additional 4,966,764 shares during the period. FMR LLC boosted its holdings in shares of Angi by 44.6% in the 3rd quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock valued at $12,732,000 after purchasing an additional 1,983,031 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Angi by 469.5% during the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after buying an additional 421,841 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Angi during the 4th quarter worth $778,000. Finally, One Fin Capital Management LP raised its position in shares of Angi by 30.0% in the 3rd quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock worth $2,574,000 after buying an additional 300,000 shares during the period. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.