Angi (NASDAQ:ANGI) Price Target Lowered to $2.20 at UBS Group

Angi (NASDAQ:ANGI) had its price objective reduced by UBS Group from $3.00 to $2.20 in a research note released on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. KeyCorp dropped their price target on shares of Angi from $5.00 to $4.00 and set an overweight rating for the company in a research report on Wednesday, August 23rd. Truist Financial dropped their price objective on shares of Angi from $5.00 to $4.00 and set a buy rating for the company in a report on Thursday, November 9th. The Goldman Sachs Group dropped their price objective on shares of Angi from $5.00 to $4.50 and set a buy rating for the company in a report on Thursday, November 9th. Benchmark dropped their price objective on shares of Angi from $8.00 to $7.00 and set a buy rating for the company in a report on Thursday, November 9th. Finally, Citigroup dropped their price objective on shares of Angi from $3.80 to $3.10 and set a buy rating for the company in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Angi presently has a consensus rating of Moderate Buy and a consensus target price of $4.23.

Angi Price Performance

Shares of ANGI opened at $2.06 on Friday. Angi has a 1-year low of $1.54 and a 1-year high of $4.18. The stock has a market cap of $1.04 billion, a PE ratio of -11.44 and a beta of 1.69. The firm has a 50-day simple moving average of $1.86 and a two-hundred day simple moving average of $2.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.70.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Angi had a negative net margin of 5.61% and a negative return on equity of 6.51%. The business had revenue of $371.80 million during the quarter, compared to analysts’ expectations of $377.00 million. During the same period last year, the business earned ($0.03) earnings per share. The business’s revenue for the quarter was down 25.3% on a year-over-year basis. As a group, analysts forecast that Angi will post -0.09 EPS for the current year.

Institutional Trading of Angi

Several institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. lifted its position in shares of Angi by 1.7% during the 1st quarter. Brown Advisory Inc. now owns 9,651,819 shares of the technology company’s stock worth $21,910,000 after buying an additional 162,419 shares during the last quarter. FMR LLC lifted its position in shares of Angi by 44.6% during the 3rd quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after buying an additional 1,983,031 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Angi by 9.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,428,182 shares of the technology company’s stock worth $18,964,000 after buying an additional 556,774 shares during the last quarter. Freshford Capital Management LLC lifted its position in shares of Angi by 16.3% during the 1st quarter. Freshford Capital Management LLC now owns 3,720,978 shares of the technology company’s stock worth $8,447,000 after buying an additional 522,403 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Angi by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,645,235 shares of the technology company’s stock worth $8,729,000 after buying an additional 28,600 shares during the last quarter. Hedge funds and other institutional investors own 11.42% of the company’s stock.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company's Ads and Leads, which connects consumers with service professionals for local services through nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as quoting, invoicing, and payment services.