Angi (NASDAQ:ANGI) Price Target Raised to $2.00

Angi (NASDAQ:ANGI) had its price target increased by equities research analysts at Citigroup from $1.70 to $2.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Citigroup’s price target would suggest a potential upside of 9.59% from the company’s current price.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. KeyCorp cut their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. Finally, Benchmark lowered their price target on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.11.

Angi Trading Down 0.8 %

ANGI stock traded down $0.02 during midday trading on Friday, hitting $1.83. The company had a trading volume of 405,039 shares, compared to its average volume of 982,311. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 52 week low of $1.49 and a 52 week high of $3.10. The stock’s 50 day moving average price is $1.78 and its 200 day moving average price is $2.21. The stock has a market cap of $907.52 million, a price-to-earnings ratio of 26.07 and a beta of 1.86.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share 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 during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. As a group, equities research analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC increased its position in Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after buying an additional 84,328 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after buying an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC grew its holdings in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares in 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.