Angi’s (ANGI) “Market Perform” Rating Reiterated at JMP Securities

Angi (NASDAQ:ANGI)‘s stock had its “market perform” rating reaffirmed by JMP Securities in a report released on Monday,Benzinga reports.

A number of other brokerages have also issued reports on ANGI. KeyCorp reduced their target price on Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Citigroup reduced their price objective on Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Citizens Jmp downgraded shares of Angi from an “outperform” rating to a “market perform” rating in a report on Monday. Royal Bank of Canada dropped their price objective on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Finally, Benchmark raised their target price on shares of Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Angi has an average rating of “Hold” and an average price target of $21.36.

Angi Stock Down 2.4%

Angi stock opened at $15.44 on Monday. The business has a fifty day moving average price of $14.32 and a 200-day moving average price of $16.04. Angi has a 1-year low of $10.88 and a 1-year high of $29.15. The stock has a market capitalization of $740.92 million, a price-to-earnings ratio of 193.02 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

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

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Angi in the fourth quarter valued at approximately $210,000. Jones Financial Companies Lllp grew its stake in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after acquiring an additional 7,944 shares during the period. M&T Bank Corp increased its holdings in Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company’s stock worth $978,000 after acquiring an additional 84,304 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Angi during the fourth quarter valued at $27,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after purchasing an additional 17,605 shares during the last quarter. Hedge funds and other institutional investors 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.