Angi (NASDAQ:ANGI) Hits New 52-Week Low – Here’s Why

Angi Inc. (NASDAQ:ANGI)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.87 and last traded at $15.01, with a volume of 231291 shares changing hands. The stock had previously closed at $15.41.

Analyst Ratings Changes

A number of equities research analysts have commented on ANGI shares. Citigroup increased their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. JMP Securities lowered their price target on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Finally, StockNews.com downgraded Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.50.

Angi Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market cap of $740.78 million, a price-to-earnings ratio of 185.50 and a beta of 1.91. The firm’s 50-day moving average price is $17.12 and its 200 day moving average price is $19.83.

Institutional Trading of Angi

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Angi in the 4th quarter valued at $27,000. Barclays PLC increased its holdings in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new position in Angi in the third quarter valued at about $46,000. Hsbc Holdings PLC bought a new position in Angi during the fourth quarter worth about $30,000. Finally, Headlands Technologies LLC boosted its holdings in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after buying an additional 18,523 shares during the last quarter. Institutional investors and hedge funds 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.