Recent Research Analysts’ Ratings Changes for Angi (ANGI)

Angi (NASDAQ: ANGI) recently received a number of ratings updates from brokerages and research firms:

• 11/20/2024 – Angi had its price target lowered by analysts at KeyCorp from $3.00 to $2.00. They now have an “overweight” rating on the stock.
• 11/13/2024 – Angi was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $2.50 price target on the stock, down previously from $3.25.
• 11/13/2024 – Angi was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $2.00 price target on the stock, down previously from $3.25.
• 11/13/2024 – Angi had its price target lowered by analysts at JMP Securities from $3.25 to $3.00. They now have a “market outperform” rating on the stock.
• 11/13/2024 – Angi had its price target lowered by analysts at Benchmark Co. from $7.00 to $6.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Angi was upgraded by analysts at UBS Group AG to a “hold” rating.

Angi Price Performance

Shares of ANGI stock opened at $1.98 on Tuesday. Angi Inc. has a twelve month low of $1.65 and a twelve month high of $3.10. The stock has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $2.29. The stock has a market capitalization of $984.59 million, a price-to-earnings ratio of 28.29 and a beta of 1.95. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) 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 return on equity of 3.79% and a net margin of 2.61%. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, analysts predict that Angi Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its holdings 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 valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. XTX Topco Ltd boosted its holdings in Angi by 250.1% in the third quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock valued at $260,000 after purchasing an additional 72,060 shares during the period. Centiva Capital LP purchased a new position in Angi in the third quarter worth approximately $46,000. ArrowMark Colorado Holdings LLC increased its holdings in Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after buying an additional 84,328 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Angi in the third quarter valued at approximately $116,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

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.