Angi (NASDAQ:ANGI) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Angi (NASDAQ:ANGI) from a strong-buy rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

ANGI has been the subject of a number of other research reports. KeyCorp set a $11.00 price objective on shares of Angi in a report on Thursday, February 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.00 price target (down previously from $18.00) on shares of Angi in a report on Tuesday. UBS Group reissued a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of Angi in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.33.

Angi Trading Down 0.6%

Shares of ANGI stock opened at $8.08 on Tuesday. Angi has a fifty-two week low of $7.72 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.65. The stock’s fifty day moving average is $12.07 and its two-hundred day moving average is $13.98. The firm has a market capitalization of $348.65 million, a P/E ratio of 8.69 and a beta of 1.74.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The business had revenue of $240.77 million during the quarter, compared to analyst estimates of $245.58 million. Angi had a net margin of 4.25% and a return on equity of 4.41%. Angi’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. Research analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. acquired a new stake in Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.