Angi (NASDAQ:ANGI) Rating Lowered to Neutral at Citigroup

Angi (NASDAQ:ANGI) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They presently have a $2.00 price objective on the technology company’s stock, down from their previous price objective of $3.25. Citigroup’s price target points to a potential upside of 3.63% from the stock’s current price.

Separately, UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Angi presently has an average rating of “Hold” and an average target price of $2.83.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $1.93 on Wednesday. The firm has a 50 day moving average of $2.53 and a 200 day moving average of $2.33. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $962.43 million, a price-to-earnings ratio of 27.57 and a beta of 1.95. Angi has a 12-month low of $1.74 and a 12-month high of $3.10.

Angi (NASDAQ:ANGI) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. During the same period in the previous year, the business posted ($0.01) earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in Angi during the 2nd quarter worth about $26,000. BNP Paribas Financial Markets grew its holdings in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Angi during the 2nd quarter worth about $85,000. SG Americas Securities LLC bought a new position in Angi during the 1st quarter worth about $162,000. Finally, Assenagon Asset Management S.A. bought a new position in Angi during the 2nd quarter worth about $183,000. Hedge funds and other 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.