Angi Inc. (NASDAQ:ANGI – Get Free Report)’s share price traded down 4.7% on Friday after Benchmark lowered their price target on the stock from $9.00 to $8.00. Benchmark currently has a buy rating on the stock. Angi traded as low as $2.45 and last traded at $2.46. 66,464 shares were traded during mid-day trading, a decline of 91% from the average session volume of 751,712 shares. The stock had previously closed at $2.58.
A number of other analysts also recently weighed in on ANGI. Credit Suisse Group reduced their target price on shares of Angi from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com assumed coverage on shares of Angi in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Royal Bank of Canada reduced their target price on shares of Angi from $3.50 to $3.25 and set a “sector perform” rating on the stock in a report on Thursday. KeyCorp lifted their price target on shares of Angi from $3.00 to $5.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Citigroup dropped their price target on shares of Angi from $3.80 to $3.10 and set a “buy” rating for the company in a research note on Thursday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.21.
Institutional Investors Weigh In On Angi
Several large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in Angi by 1.4% in the 2nd quarter. Northern Trust Corp now owns 406,976 shares of the technology company’s stock valued at $1,343,000 after buying an additional 5,456 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Angi in the 2nd quarter worth approximately $90,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Angi by 30.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 235,367 shares of the technology company’s stock worth $777,000 after purchasing an additional 55,143 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Angi by 82.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 947,545 shares of the technology company’s stock worth $3,127,000 after purchasing an additional 428,217 shares during the period. Finally, Swiss National Bank lifted its position in shares of Angi by 6.9% in the 2nd quarter. Swiss National Bank now owns 171,200 shares of the technology company’s stock worth $565,000 after purchasing an additional 11,100 shares during the period. 11.40% of the stock is owned by hedge funds and other institutional investors.
Angi Price Performance
The firm’s 50-day moving average price is $3.47 and its two-hundred day moving average price is $2.87. The stock has a market cap of $1.22 billion, a PE ratio of -12.05 and a beta of 1.66. The company has a current ratio of 1.69, a quick ratio of 1.80 and a debt-to-equity ratio of 0.48.
Angi (NASDAQ:ANGI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Angi had a negative net margin of 5.91% and a negative return on equity of 7.59%. The firm had revenue of $375.10 million during the quarter, compared to analysts’ expectations of $403.42 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The company’s revenue was down 27.3% compared to the same quarter last year. On average, equities analysts expect that Angi Inc. will post -0.1 earnings per share for the current fiscal year.
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.