Angi (NASDAQ:ANGI) Price Target Raised to $27.00

Angi (NASDAQ:ANGI) had its price target hoisted by Benchmark from $6.00 to $27.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

ANGI has been the subject of a number of other research reports. Citigroup dropped their target price on shares of Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. JMP Securities lowered their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. StockNews.com cut Angi from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. KeyCorp dropped their price objective on shares of Angi from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank of Canada lowered their price target on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.36.

Angi Trading Up 7.3 %

Shares of ANGI opened at $16.08 on Thursday. Angi has a fifty-two week low of $10.88 and a fifty-two week high of $29.15. The stock has a fifty day moving average of $13.87 and a two-hundred day moving average of $17.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market capitalization of $799.61 million, a PE ratio of 201.03 and a beta of 1.84.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.24. Angi had a net margin of 3.04% and a return on equity of 3.41%. The business had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. As a group, analysts forecast that Angi will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC raised its stake in shares of Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after purchasing an additional 267,946 shares in the last quarter. Westerly Capital Management LLC raised its position in shares of Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after buying an additional 490,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 914,037 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after acquiring an additional 158,662 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after acquiring an additional 207,300 shares during the period. 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.