JMP Securities Reaffirms Market Outperform Rating for Angi (NASDAQ:ANGI)

JMP Securities reissued their market outperform rating on shares of Angi (NASDAQ:ANGI) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $3.00 price target on the technology company’s stock.

A number of other research firms have also weighed in on ANGI. KeyCorp reduced their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Angi presently has a consensus rating of “Moderate Buy” and an average price target of $3.11.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.74 on Monday. The stock has a market capitalization of $865.25 million, a PE ratio of 24.86 and a beta of 1.86. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $2.19 and a 200-day moving average of $2.27. Angi has a 12 month low of $1.65 and a 12 month high of $3.10.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Angi in the 2nd quarter worth $26,000. Barclays PLC increased its holdings in 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 buying an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new stake in Angi during the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC purchased a new stake in Angi during the second quarter worth about $85,000. Finally, Verition Fund Management LLC purchased a new stake in Angi during the third quarter worth about $116,000. 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.