Angi (NASDAQ:ANGI) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Angi (NASDAQ:ANGI) from a buy rating to a hold rating in a report published on Tuesday morning.

Other analysts also recently issued research reports about the stock. Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. JMP Securities decreased their price target on Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Angi currently has an average rating of “Hold” and an average target price of $3.05.

Angi Trading Down 1.2 %

NASDAQ:ANGI opened at $1.68 on Tuesday. The stock has a market capitalization of $835.41 million, a price-to-earnings ratio of 21.00 and a beta of 1.86. Angi has a 1 year low of $1.49 and a 1 year high of $2.94. The stock has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $2.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Institutional Trading of Angi

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Angi during the 4th quarter worth about $27,000. Hsbc Holdings PLC purchased a new position in shares of Angi during the fourth quarter valued at approximately $30,000. Headlands Technologies LLC boosted its position in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after acquiring an additional 18,523 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in Angi in the 4th quarter worth approximately $33,000. Finally, Two Sigma Securities LLC acquired a new position in Angi in the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.