Angi (NASDAQ:ANGI) Rating Lowered to “Hold” at StockNews.com

Angi (NASDAQ:ANGI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities research analysts have also recently commented on ANGI. Citigroup increased their price objective on shares of Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. JMP Securities lowered their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Finally, Royal Bank of Canada reduced their price target on Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.25.

Angi Stock Down 5.7 %

Angi stock opened at $11.43 on Tuesday. The stock’s 50 day moving average price is $15.51 and its 200 day moving average price is $18.58. The company has a market cap of $568.38 million, a PE ratio of 142.89 and a beta of 1.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. Angi has a 1-year low of $11.00 and a 1-year high of $29.15.

Institutional Investors Weigh In On Angi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGI. Arrowstreet Capital Limited Partnership grew its holdings in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after purchasing an additional 914,037 shares during the period. Bridgeway Capital Management LLC purchased a new stake in Angi during the fourth quarter worth approximately $1,079,000. Westerly Capital Management LLC increased its position in shares of Angi by 20.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after acquiring an additional 490,000 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Angi in the 4th quarter valued at $469,000. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in shares of Angi by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after acquiring an additional 267,946 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.