Angi (NASDAQ:ANGI) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Angi (NASDAQ:ANGI) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Angi from $10.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada set a $14.00 target price on shares of Angi in a report on Tuesday, May 26th. The Goldman Sachs Group set a $6.00 price objective on shares of Angi and gave the company a “neutral” rating in a report on Monday, July 13th. KeyCorp downgraded Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.29.

Angi Price Performance

NASDAQ:ANGI opened at $4.84 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business’s 50-day simple moving average is $5.79 and its two-hundred day simple moving average is $7.28. The stock has a market cap of $195.78 million, a PE ratio of -0.88 and a beta of 1.62. Angi has a 52 week low of $4.26 and a 52 week high of $18.94.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. During the same period last year, the company earned $0.23 EPS. The business’s revenue was down 10.9% on a year-over-year basis. As a group, analysts forecast that Angi will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new stake in shares of Angi in the 1st quarter valued at approximately $25,000. Royal Bank of Canada purchased a new stake in Angi during the 1st quarter valued at $73,000. Janus Henderson Group PLC purchased a new stake in Angi during the 1st quarter valued at $118,000. California State Teachers Retirement System bought a new stake in Angi in the first quarter worth $237,000. Finally, Bank of America Corp DE bought a new stake in Angi in the first quarter worth $325,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Company Profile

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.