Angi (NASDAQ:ANGI) Sets New 52-Week Low – Here’s What Happened

Angi Inc. (NASDAQ:ANGI) hit a new 52-week low during trading on Tuesday . The stock traded as low as $14.87 and last traded at $15.01, with a volume of 231291 shares traded. The stock had previously closed at $15.41.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities decreased their price target on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, Citigroup increased their target price on shares of Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.50.

Angi Stock Performance

The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $740.78 million, a price-to-earnings ratio of 185.50 and a beta of 1.91. The stock has a fifty day moving average price of $17.12 and a 200-day moving average price of $19.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Raymond James Financial Inc. acquired a new stake in shares of Angi during the 4th quarter worth about $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the fourth quarter worth approximately $30,000. Headlands Technologies LLC raised its stake in shares of Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after acquiring an additional 18,523 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of Angi in the 4th quarter worth approximately $33,000. Finally, Two Sigma Securities LLC bought a new stake in Angi during the 4th quarter worth approximately $41,000. 12.84% of the stock is 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.