KeyCorp Lowers Angi (NASDAQ:ANGI) Price Target to $2.00

Angi (NASDAQ:ANGI) had its target price decreased by equities researchers at KeyCorp from $3.00 to $2.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would suggest a potential downside of 0.50% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. JMP Securities reduced their target price on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Finally, Benchmark cut their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Angi currently has an average rating of “Moderate Buy” and a consensus price target of $3.11.

Angi Trading Up 1.5 %

Shares of NASDAQ ANGI opened at $2.01 on Wednesday. Angi has a 52-week low of $1.65 and a 52-week high of $3.10. 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 firm has a 50 day moving average price of $2.46 and a two-hundred day moving average price of $2.32. The stock has a market cap of $1.00 billion, a P/E ratio of 28.64 and a beta of 1.95.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. As a group, equities analysts forecast that Angi will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Angi

Several hedge funds and other institutional investors have recently bought and sold shares of ANGI. BNP Paribas Financial Markets increased its position in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Angi in the 1st quarter worth approximately $162,000. Vanguard Group Inc. increased its holdings in Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after acquiring an additional 95,514 shares in the last quarter. Quadrature Capital Ltd increased its holdings in Angi by 21.4% in the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after acquiring an additional 17,102 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Angi in the 2nd quarter worth approximately $183,000. Institutional investors 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.