Angi (NASDAQ:ANGI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Angi (NASDAQ:ANGI) from a buy rating to a hold rating in a research note released on Tuesday.

Other equities research analysts have also issued reports about the company. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. JMP Securities cut their price target on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, KeyCorp cut their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Angi currently has a consensus rating of “Hold” and an average target price of $3.05.

Angi Trading Down 1.2 %

ANGI stock opened at $1.68 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The company has a market cap of $835.41 million, a price-to-earnings ratio of 21.00 and a beta of 1.86. The business has a fifty day simple moving average of $1.74 and a 200-day simple moving average of $2.14. Angi has a 52 week low of $1.49 and a 52 week high of $2.94.

Institutional Inflows and Outflows

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