Angi (NASDAQ:ANGI) Given New $2.00 Price Target at KeyCorp

Angi (NASDAQ:ANGI) had its price objective reduced by KeyCorp from $3.00 to $2.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other analysts have also recently commented on the company. Citigroup cut 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. JMP Securities dropped their price target on Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Benchmark lowered their price objective on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Stock Performance

Shares of ANGI opened at $1.97 on Wednesday. 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’s 50 day moving average price is $2.43 and its 200-day moving average price is $2.31. Angi has a 52 week low of $1.65 and a 52 week high of $3.10. The stock has a market cap of $982.38 million, a P/E ratio of 28.14 and a beta of 1.95.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period in the previous year, the firm posted ($0.01) EPS. Equities research analysts anticipate that Angi will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Angi during the 2nd quarter valued at $26,000. Barclays PLC raised its stake in Angi by 1,255.5% during the 3rd 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 last quarter. Quadrature Capital Ltd raised its stake in Angi by 21.4% during the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock valued at $256,000 after buying an additional 17,102 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Angi during the 3rd quarter valued at $46,000. 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.