Angi’s (ANGI) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Angi (NASDAQ:ANGI) in a report issued on Monday morning,Benzinga reports. They currently have a $3.00 price objective on the technology company’s stock.

ANGI has been the subject of a number of other research reports. Benchmark dropped their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, KeyCorp decreased their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.11.

Angi Trading Down 5.2 %

ANGI opened at $1.64 on Monday. The business’s 50-day simple moving average is $2.16 and its 200-day simple moving average is $2.26. Angi has a one year low of $1.62 and a one year high of $3.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $815.52 million, a P/E ratio of 23.43 and a beta of 1.86.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period last year, the firm posted ($0.01) EPS. As a group, equities research analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Angi during the second quarter valued at about $26,000. Barclays PLC boosted its stake in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Angi in the third quarter worth $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in Angi in the second quarter valued at $85,000. Finally, Verition Fund Management LLC bought a new position in Angi during the 3rd quarter valued at $116,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.