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

Angi (NASDAQ:ANGI) had its price objective lifted by Citigroup from $1.70 to $2.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 9.59% from the stock’s current price.

Several other equities research analysts have also weighed in on ANGI. 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 decreased their price objective for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. KeyCorp reduced their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 target price on shares of Angi in a report on Monday, December 16th. Finally, Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a 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 has an average rating of “Hold” and a consensus price target of $3.11.

Angi Stock Performance

Shares of NASDAQ ANGI traded down $0.02 during mid-day trading on Friday, reaching $1.83. 405,039 shares of the company’s stock were exchanged, compared to its average volume of 982,311. The firm has a market capitalization of $907.52 million, a price-to-earnings ratio of 26.07 and a beta of 1.86. Angi has a 52 week low of $1.49 and a 52 week high of $3.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $2.21.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the firm posted ($0.01) EPS. Analysts predict that Angi will post 0.08 EPS for the current year.

Institutional Trading of Angi

A number of large investors have recently modified their holdings of ANGI. Barclays PLC boosted its position in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new stake in Angi in the 3rd quarter worth approximately $46,000. Susquehanna Fundamental Investments LLC bought a new stake in Angi in the 2nd quarter worth approximately $85,000. Trust Co of the South lifted its position in Angi by 98.9% in the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after buying an additional 25,500 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Angi in the 3rd quarter worth approximately $116,000. 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.