Angi (NASDAQ:ANGI) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Angi (NASDAQ:ANGI) from a buy rating to a hold rating in a research note published on Tuesday morning.

Several other equities analysts have also weighed in on the stock. JMP Securities dropped their price objective on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Citigroup increased their price target on shares of Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada reduced their price objective on Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.25.

Angi Stock Up 1.5 %

ANGI stock opened at $11.60 on Tuesday. Angi has a 1-year low of $11.00 and a 1-year high of $29.15. The business’s 50 day simple moving average is $15.39 and its 200 day simple moving average is $18.48. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $576.83 million, a PE ratio of 145.02 and a beta of 1.88.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Angi by 46.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after acquiring an additional 83,704 shares during the period. Verition Fund Management LLC bought a new position in shares of Angi in the third quarter worth $116,000. XTX Topco Ltd increased its position in shares of Angi by 250.1% in the third quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after purchasing an additional 72,060 shares during the period. Barclays PLC raised its stake in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Angi by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after purchasing an additional 65,119 shares during the period. 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.