Angi (NASDAQ:ANGI) Downgraded to “Neutral” Rating by Citigroup

Citigroup lowered shares of Angi (NASDAQ:ANGI) from a buy rating to a neutral rating in a report released on Wednesday morning, Marketbeat.com reports. Citigroup currently has $2.00 target price on the technology company’s stock, down from their prior target price of $3.25.

Separately, UBS Group raised shares of Angi to a “hold” rating in a research note 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 stock. According to MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and an average target price of $3.25.

Angi Stock Performance

ANGI stock opened at $1.72 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a twelve month low of $1.65 and a twelve month high of $3.10. The business’s fifty day moving average is $2.48 and its 200-day moving average is $2.33. The company has a market cap of $857.71 million, a P/E ratio of 24.57 and a beta of 1.95.

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

Hedge Funds Weigh In On Angi

Several institutional investors have recently modified their holdings of ANGI. Headlands Technologies LLC bought a new stake in Angi during the 2nd quarter worth approximately $26,000. Barclays PLC boosted its holdings 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 valued at $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP acquired a new position in shares of Angi in the third quarter valued at approximately $46,000. BNP Paribas Financial Markets increased its position in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the second quarter worth $85,000. Institutional investors own 12.84% of the company’s stock.

Angi Company Profile

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.