Angi (NASDAQ:ANGI) Price Target Cut to $3.25

Angi (NASDAQ:ANGI) had its price objective decreased by analysts at Citigroup from $4.00 to $3.25 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price objective points to a potential upside of 27.45% from the company’s current price.

Several other equities analysts have also recently issued reports on ANGI. UBS Group boosted their target price on Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their target price on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 16th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. KeyCorp cut their target price on Angi from $4.00 to $3.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Royal Bank of Canada increased their target price on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.13.

Angi Stock Up 0.4 %

Shares of Angi stock traded up $0.01 during trading hours on Thursday, hitting $2.55. The company had a trading volume of 577,906 shares, compared to its average volume of 870,319. The company’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.34. Angi has a twelve month low of $1.54 and a twelve month high of $4.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $1.28 billion, a P/E ratio of -31.88 and a beta of 1.97.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. The firm had revenue of $300.43 million during the quarter, compared to the consensus estimate of $306.73 million. Analysts anticipate that Angi will post -0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total value of $25,023.24. Following the completion of the sale, the chief technology officer now directly owns 160,506 shares of the company’s stock, valued at approximately $341,877.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 35,244 shares of company stock valued at $85,643 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its position in shares of Angi by 3.5% during the 1st quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after acquiring an additional 10,793 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Angi in the 1st quarter valued at $1,234,000. SG Americas Securities LLC bought a new stake in shares of Angi in the 1st quarter valued at $162,000. GSA Capital Partners LLP increased its position in shares of Angi by 469.5% in the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after buying an additional 421,841 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares in the last quarter. Institutional investors and hedge funds 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.