Angi (NASDAQ:ANGI) Sets New 1-Year Low – What’s Next?

Angi Inc. (NASDAQ:ANGI) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.49 and last traded at $1.56, with a volume of 939602 shares. The stock had previously closed at $1.56.

Analyst Upgrades and Downgrades

ANGI has been the subject of a number of research reports. Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. KeyCorp decreased 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. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and cut their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Angi has an average rating of “Hold” and an average target price of $3.06.

Angi Stock Up 7.1 %

The firm has a 50-day moving average of $1.84 and a two-hundred day moving average of $2.22. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $905.03 million, a PE ratio of 26.00 and a beta of 1.86.

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

Institutional Investors Weigh In On Angi

A number of institutional investors have recently made changes to their positions in ANGI. Headlands Technologies LLC acquired a new position in shares of Angi in the 2nd quarter worth approximately $26,000. Dimensional Fund Advisors LP raised its position in Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares during the period. AQR Capital Management LLC lifted its stake in Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 161,189 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Angi during the second quarter worth $85,000. Finally, Inspire Investing LLC grew its stake in shares of Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.