Angi (NASDAQ:ANGI) Price Target Raised to $2.00 at Citigroup

Angi (NASDAQ:ANGI) had its price target upped by Citigroup from $1.70 to $2.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other analysts have also recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 price objective on shares of Angi in a research note on Monday, December 16th. UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, Benchmark lowered their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Angi presently has a consensus rating of “Hold” and an average price target of $3.11.

Angi Stock Performance

NASDAQ ANGI opened at $1.80 on Friday. 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 has a 1-year low of $1.49 and a 1-year high of $3.10. The company has a market cap of $895.09 million, a PE ratio of 25.71 and a beta of 1.86. The stock’s 50 day simple moving average is $1.78 and its 200-day simple moving average is $2.21.

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. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter in the previous year, the company posted ($0.01) EPS. As a group, equities research analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Large investors have recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC raised its position in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after acquiring an additional 84,328 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 last quarter. Assenagon Asset Management S.A. increased its stake in Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares during the last quarter. AQR Capital Management LLC raised its holdings 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. Finally, Inspire Investing LLC lifted its position in shares of Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares during the last quarter. 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.