Angi (NASDAQ:ANGI) Stock Rating Lowered by Wall Street Zen

Angi (NASDAQ:ANGI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities analysts also recently issued reports on ANGI. Royal Bank Of Canada lifted their price target on Angi from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Citigroup downgraded Angi from a “buy” rating to a “market perform” rating in a research note on Monday, June 16th. Benchmark lifted their price target on Angi from $6.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. JMP Securities reiterated a “market perform” rating on shares of Angi in a research note on Monday, June 16th. Finally, UBS Group lifted their price target on Angi from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.07.

Angi Stock Performance

Shares of ANGI opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a 50-day moving average of $17.06 and a 200-day moving average of $15.68. The company has a market cap of $811.42 million, a PE ratio of 14.88 and a beta of 1.80. Angi has a one year low of $10.88 and a one year high of $29.15.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $278.22 million during the quarter, compared to analyst estimates of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. The business’s revenue was down 11.7% on a year-over-year basis. On average, equities research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC purchased a new position in Angi in the fourth quarter valued at approximately $30,000. Graham Capital Management L.P. purchased a new position in Angi in the fourth quarter valued at approximately $46,000. State of Wyoming purchased a new position in Angi in the fourth quarter valued at approximately $69,000. Finally, Squarepoint Ops LLC purchased a new position in Angi in the fourth quarter valued at approximately $74,000. Institutional investors own 12.84% of the company’s stock.

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.