Angi (NASDAQ:ANGI) Stock Rating Lowered by StockNews.com

Angi (NASDAQ:ANGI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently weighed in on ANGI. Benchmark cut their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. JMP Securities lowered their price objective on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Finally, Citigroup lifted their price target on Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.05.

Angi Stock Performance

ANGI traded up $0.01 during trading hours on Tuesday, hitting $1.72. The company’s stock had a trading volume of 1,371,157 shares, compared to its average volume of 1,182,785. The company has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $2.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $855.30 million, a PE ratio of 21.50 and a beta of 1.86. Angi has a fifty-two week low of $1.49 and a fifty-two week high of $2.94.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Angi during the fourth quarter worth $27,000. Hsbc Holdings PLC acquired a new stake in Angi during the 4th quarter worth about $30,000. Headlands Technologies LLC lifted its stake in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after buying an additional 18,523 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in Angi during the fourth quarter valued at about $33,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Angi in the fourth quarter worth about $41,000. 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.