Angi (NASDAQ:ANGI) Given New $22.00 Price Target at UBS Group

Angi (NASDAQ:ANGI) had its target price raised by investment analysts at UBS Group from $20.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 21.08% from the stock’s current price.

ANGI has been the subject of several other research reports. Wall Street Zen cut Angi from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. KeyCorp reduced their price target on Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Citigroup cut Angi from a “buy” rating to a “market perform” rating in a report on Monday, June 16th. Citizens Jmp cut Angi from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Finally, Benchmark raised their price objective on shares of Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Seven equities research 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, Angi presently has a consensus rating of “Hold” and an average price target of $22.07.

Angi Price Performance

ANGI stock opened at $18.17 on Thursday. The stock has a 50-day moving average price of $16.25 and a two-hundred day moving average price of $15.73. The stock has a market cap of $871.98 million, a PE ratio of 14.77 and a beta of 1.70. The company has a current ratio of 1.79, a quick ratio of 2.15 and a debt-to-equity ratio of 0.50. Angi has a 1 year low of $10.88 and a 1 year high of $29.15.

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

Hedge Funds Weigh In On Angi

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Angi in the fourth quarter valued at approximately $27,000. Hsbc Holdings PLC bought a new stake in shares of Angi in the fourth quarter valued at approximately $30,000. Oxford Asset Management LLP bought a new stake in shares of Angi in the fourth quarter valued at approximately $33,000. Two Sigma Securities LLC bought a new stake in shares of Angi in the fourth quarter valued at approximately $41,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Angi in the fourth quarter valued at approximately $46,000. 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.