Citigroup Lowers Angi (NASDAQ:ANGI) Price Target to $1.70

Angi (NASDAQ:ANGI) had its price target decreased by stock analysts at Citigroup from $2.00 to $1.70 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Citigroup’s target price would indicate a potential upside of 3.66% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th. Benchmark decreased their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. KeyCorp cut their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. JMP Securities reiterated a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research note on Monday, December 16th. Finally, The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.06.

Angi Trading Up 1.2 %

Shares of ANGI stock opened at $1.64 on Friday. The company has a 50-day moving average of $1.95 and a two-hundred day moving average of $2.23. The firm has a market cap of $815.52 million, a PE ratio of 23.43 and a beta of 1.86. Angi has a 1-year low of $1.57 and a 1-year high of $3.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, analysts predict that Angi will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ANGI. ArrowMark Colorado Holdings LLC lifted its position 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 acquiring an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after purchasing an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 279,083 shares during the period. 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.