Zacks Research Downgrades Angi (NASDAQ:ANGI) to Hold

Zacks Research downgraded shares of Angi (NASDAQ:ANGI) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also commented on the stock. UBS Group boosted their target price on shares of Angi from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. JMP Securities reiterated a “market perform” rating on shares of Angi in a research report on Monday, June 16th. Citizens Jmp lowered shares of Angi from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Finally, Citigroup lowered shares of Angi from a “buy” rating to a “market perform” rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.07.

Angi Price Performance

Shares of NASDAQ ANGI opened at $17.35 on Monday. The firm has a market capitalization of $769.30 million, a P/E ratio of 14.11 and a beta of 1.80. Angi has a one year low of $10.88 and a one year high of $29.15. The company’s fifty day moving average is $17.18 and its two-hundred day moving average is $15.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $278.22 million for the quarter, compared to analysts’ expectations of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.The business’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in Angi by 16.8% in the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock valued at $85,000 after purchasing an additional 7,340 shares during the last quarter. Poehling Capital Management INC. acquired a new position in shares of Angi during the 2nd quarter valued at about $231,000. Raymond James Financial Inc. acquired a new position in shares of Angi during the 4th quarter valued at about $27,000. Graham Capital Management L.P. acquired a new position in shares of Angi during the 4th quarter valued at about $46,000. Finally, State of Wyoming acquired a new position in shares of Angi during the 4th quarter valued at about $69,000. 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.