Angi (NASDAQ:ANGI – Get Free Report) had its price target cut by UBS Group from $3.00 to $2.20 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s target price would suggest a potential upside of 6.28% from the stock’s previous close.
Several other research analysts have also weighed in on ANGI. Benchmark lowered their target price on shares of Angi from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Citigroup lowered their target price on shares of Angi from $3.80 to $3.10 and set a “buy” rating for the company in a research note on Thursday, August 10th. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. The Goldman Sachs Group reduced their price target on shares of Angi from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Finally, Credit Suisse Group reduced their price target on shares of Angi from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.23.
Angi Trading Up 4.5 %
Angi (NASDAQ:ANGI – Get Free Report) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $371.80 million during the quarter, compared to analyst estimates of $377.00 million. Angi had a negative net margin of 5.61% and a negative return on equity of 6.51%. Angi’s revenue was down 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. Sell-side analysts forecast that Angi will post -0.09 EPS for the current year.
Institutional Trading of Angi
Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Angi in the first quarter valued at approximately $54,000. Oppenheimer & Co. Inc. acquired a new stake in Angi in the first quarter valued at approximately $59,000. Acadian Asset Management LLC acquired a new stake in Angi in the second quarter valued at approximately $35,000. Boulder Hill Capital Management LP acquired a new stake in Angi in the first quarter valued at approximately $26,000. Finally, Bessemer Group Inc. purchased a new position in Angi in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 11.42% of the company’s stock.
Angi Inc connects home service professionals with consumers in the United States and internationally. The company's Ads and Leads, which connects consumers with service professionals for local services through 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 quoting, invoicing, and payment services.
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