Angi (NASDAQ:ANGI) Hits New 52-Week Low – Here’s What Happened

Angi Inc. (NASDAQ:ANGI) hit a new 52-week low during trading on Wednesday . The company traded as low as $1.57 and last traded at $1.58, with a volume of 217944 shares trading hands. The stock had previously closed at $1.62.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ANGI shares. Citigroup decreased their price objective on Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. KeyCorp dropped their price target 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. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. Finally, Benchmark dropped their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.06.

Angi Stock Performance

The stock has a market capitalization of $780.71 million, a P/E ratio of 22.43 and a beta of 1.86. The company’s fifty day simple moving average is $1.92 and its 200 day simple moving average is $2.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter in the prior year, the firm earned ($0.01) EPS. As a group, sell-side analysts forecast that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Angi in the second quarter worth $26,000. Barclays PLC lifted its stake in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new stake in Angi during the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC bought a new position in Angi during the 2nd quarter worth approximately $85,000. Finally, Trust Co of the South increased its stake in Angi by 98.9% in the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after purchasing an additional 25,500 shares during the period. Hedge funds and other institutional investors 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.