Angi (NASDAQ:ANGI) Sets New 1-Year Low – What’s Next?

Angi Inc. (NASDAQ:ANGI) hit a new 52-week low during trading on Tuesday . The company traded as low as $1.59 and last traded at $1.59, with a volume of 51942 shares changing hands. The stock had previously closed at $1.65.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. KeyCorp decreased their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Benchmark reduced their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Angi has a consensus rating of “Hold” and an average price target of $3.11.

Angi Stock Down 3.0 %

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $2.07 and a 200-day simple moving average of $2.24. The company has a market cap of $795.63 million, a PE ratio of 22.86 and a beta of 1.86.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter last year, the company earned ($0.01) EPS. Equities research analysts anticipate that Angi Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in Angi in the 2nd quarter worth about $26,000. Barclays PLC boosted its stake 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 worth $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Angi during the third quarter worth approximately $46,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi during the second quarter worth approximately $85,000. Finally, Verition Fund Management LLC acquired a new position in Angi in the 3rd quarter valued at $116,000. Institutional investors and hedge funds 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.