Angi (NASDAQ:ANGI) Receives Market Perform Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Angi (NASDAQ:ANGI) in a report issued on Monday,Benzinga reports.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. Citizens Jmp downgraded shares of Angi from an “outperform” rating to a “market perform” rating in a research report on Monday. Benchmark lifted their price target on shares of Angi from $6.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Citigroup reduced their price target on shares of Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Angi from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Angi has an average rating of “Hold” and a consensus price target of $21.36.

Angi Stock Up 1.9%

Angi stock opened at $15.74 on Monday. Angi has a 1-year low of $10.88 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The stock has a market cap of $755.32 million, a PE ratio of 196.77 and a beta of 1.81. The stock’s fifty day moving average is $14.40 and its two-hundred day moving average is $16.02.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The company had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. On average, sell-side analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Angi in the fourth quarter valued at $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi in the fourth quarter valued at about $30,000. Headlands Technologies LLC lifted its stake in shares of Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after buying an additional 18,523 shares during the period. Oxford Asset Management LLP bought a new stake in shares of Angi in the fourth quarter valued at about $33,000. Finally, Two Sigma Securities LLC bought a new position in Angi during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Company Profile

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.