JPMorgan Chase & Co. Cuts Angi (NASDAQ:ANGI) Price Target to $5.00

Angi (NASDAQ:ANGI) had its price objective reduced by analysts at JPMorgan Chase & Co. from $10.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 4.29% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Friday, March 27th. Zacks Research upgraded shares of Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 price target (down from $12.00) on shares of Angi in a report on Thursday. Benchmark dropped their target price on shares of Angi from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday. Finally, KeyCorp lowered shares of Angi from an “overweight” rating to a “sector weight” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Angi has an average rating of “Hold” and a consensus price target of $9.71.

Angi Trading Up 8.8%

Shares of NASDAQ:ANGI traded up $0.42 during mid-day trading on Thursday, reaching $5.22. 2,690,663 shares of the company’s stock were exchanged, compared to its average volume of 1,164,290. The firm has a market capitalization of $209.48 million, a price-to-earnings ratio of 12.74 and a beta of 1.70. The business’s fifty day moving average price is $7.47 and its 200-day moving average price is $10.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.65 and a current ratio of 1.65. Angi has a twelve month low of $4.53 and a twelve month high of $19.42.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.19. The company had revenue of $238.15 million for the quarter, compared to analyst estimates of $240.64 million. Angi had a net margin of 1.93% and a return on equity of 2.03%. Angi’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, research analysts predict that Angi will post 0.85 EPS for the current fiscal year.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.