Angi (NASDAQ:ANGI) Sets New 12-Month Low – Should You Sell?

Shares of Angi Inc. (NASDAQ:ANGI) hit a new 52-week low during trading on Monday . The stock traded as low as $1.57 and last traded at $1.58, with a volume of 283896 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

Several brokerages have issued reports on ANGI. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $3.00 target price on shares of Angi in a research note on Monday, December 16th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. KeyCorp lowered their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Angi currently has a consensus rating of “Hold” and a consensus price target of $3.11.

Angi Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $825.47 million, a P/E ratio of 23.71 and a beta of 1.86. The company has a 50-day simple moving average of $2.00 and a 200-day simple moving average of $2.23.

Angi (NASDAQ:ANGI) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. On average, sell-side analysts forecast that Angi Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Inspire Investing LLC raised its position in shares of Angi by 152.5% during the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after acquiring an additional 279,083 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Angi by 46.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock valued at $677,000 after purchasing an additional 83,704 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Angi in the 2nd quarter valued at about $26,000. 12.84% of the stock is currently owned by institutional investors.

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.