Angi (NASDAQ:ANGI) Cut to “Neutral” at Citigroup

Citigroup downgraded shares of Angi (NASDAQ:ANGI) from a buy rating to a neutral rating in a report published on Wednesday morning, Marketbeat reports. They currently have $2.00 target price on the technology company’s stock, down from their previous target price of $3.25.

Separately, UBS Group upgraded Angi to a “hold” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.25.

Angi Trading Down 1.7 %

NASDAQ ANGI opened at $1.72 on Wednesday. The business’s 50-day moving average price is $2.48 and its two-hundred day moving average price is $2.32. Angi has a 12 month low of $1.65 and a 12 month high of $3.10. The firm has a market capitalization of $857.71 million, a PE ratio of 24.57 and a beta of 1.95. The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same quarter in the previous year, the company posted ($0.01) EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Angi in the second quarter worth approximately $26,000. Barclays PLC raised its stake in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Angi in the third quarter worth approximately $46,000. BNP Paribas Financial Markets raised its stake in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi in the second quarter worth approximately $85,000. 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.