Angi (NASDAQ:ANGI) PT Lowered to $3.25

Angi (NASDAQ:ANGI) had its price objective reduced by analysts at Citigroup from $4.00 to $3.25 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective suggests a potential upside of 33.74% from the stock’s current price.

A number of other analysts have also commented on the company. UBS Group lifted their price target on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. KeyCorp lowered their price target on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. The Goldman Sachs Group increased their price objective on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their price objective on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Angi currently has an average rating of “Moderate Buy” and an average target price of $4.13.

Angi Stock Performance

Shares of NASDAQ:ANGI traded down $0.12 during midday trading on Thursday, hitting $2.43. The stock had a trading volume of 626,520 shares, compared to its average volume of 1,084,029. The company’s 50-day moving average price is $2.41 and its 200-day moving average price is $2.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.88. Angi has a fifty-two week low of $1.54 and a fifty-two week high of $4.18.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $300.43 million for the quarter, compared to analysts’ expectations of $306.73 million. Angi had a negative return on equity of 1.84% and a negative net margin of 2.01%. Research analysts predict that Angi will post -0.01 EPS for the current year.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the transaction, the chief technology officer now owns 166,034 shares in the company, valued at $428,367.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 35,244 shares of company stock worth $85,643. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after acquiring an additional 95,514 shares during the last quarter. Picton Mahoney Asset Management raised its stake in shares of Angi by 3.5% during the 1st quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after purchasing an additional 10,793 shares during the period. Inspire Investing LLC purchased a new stake in Angi during the 1st quarter worth about $1,234,000. SG Americas Securities LLC bought a new position in Angi in the 1st quarter worth about $162,000. Finally, GSA Capital Partners LLP grew its holdings in Angi by 469.5% during the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after buying an additional 421,841 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors.

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.