Benchmark Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price objective decreased by Benchmark from $7.00 to $6.00 in a research note released on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the technology company’s stock.

A number of other research firms have also issued reports on ANGI. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.00 in a research note on Wednesday. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.50 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.25.

Angi Stock Down 1.7 %

Angi stock opened at $1.72 on Wednesday. The company has a market capitalization of $857.71 million, a P/E ratio of 24.57 and a beta of 1.95. The firm’s fifty day simple moving average is $2.48 and its 200-day simple moving average is $2.33. The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. Angi has a 1-year low of $1.65 and a 1-year high of $3.10.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The business had revenue of $296.72 million for the quarter, compared to the consensus estimate 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 firm earned ($0.01) EPS.

Institutional Trading of Angi

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after purchasing an additional 95,514 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after acquiring an additional 84,328 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after acquiring an additional 494,739 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 161,189 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.