Angi (NASDAQ:ANGI) Price Target Lowered to $5.00 at Piper Sandler

Angi (NASDAQ:ANGI – Get Rating) had its price objective reduced by research analysts at Piper Sandler from $8.00 to $5.00 in a note issued to investors on Wednesday, The Fly reports. Piper Sandler’s target price points to a potential upside of 13.90% from the company’s current price.

ANGI has been the topic of several other reports. BMO Capital Markets dropped their price objective on shares of Angi from $12.00 to $8.00 in a research note on Tuesday, April 26th. StockNews.com began coverage on shares of Angi in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised shares of Angi from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Tuesday, April 19th. Royal Bank of Canada dropped their price objective on shares of Angi from $12.00 to $7.00 in a research note on Thursday, February 17th. Finally, KeyCorp lowered their price target on shares of Angi from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $11.70.

Shares of Angi stock opened at $4.39 on Wednesday. The firm’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $7.86. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -31.35 and a beta of 1.80. Angi has a 12 month low of $3.47 and a 12 month high of $14.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.11 and a quick ratio of 2.11.

Angi (NASDAQ:ANGI – Get Rating) last announced its earnings results on Monday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $436.20 million during the quarter, compared to analyst estimates of $432.87 million. Angi had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts anticipate that Angi will post -0.2 earnings per share for the current year.

In related news, Director Bowman Angela R. Hicks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $5.68, for a total value of $28,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $8.66, for a total transaction of $86,600.00. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $140,050 over the last quarter. Insiders own 1.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC purchased a new position in Angi in the 4th quarter valued at about $68,000. Ensign Peak Advisors Inc purchased a new position in Angi in the 4th quarter valued at about $76,000. Parametrica Management Ltd purchased a new position in Angi in the 1st quarter valued at about $82,000. Envestnet Asset Management Inc. purchased a new position in Angi in the 4th quarter valued at about $94,000. Finally, Chemistry Wealth Management LLC purchased a new position in Angi in the 1st quarter valued at about $94,000. Institutional investors own 17.23% of the company’s stock.

About Angi (Get Rating)

Angi Inc connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services.

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