Angi (NASDAQ:ANGI) Given Market Perform Rating at JMP Securities

Angi (NASDAQ:ANGI)‘s stock had its “market perform” rating restated by stock analysts at JMP Securities in a research note issued on Monday,Benzinga reports.

Several other analysts have also recently issued reports on ANGI. Wall Street Zen upgraded Angi from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. KeyCorp dropped their price objective on shares of Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Royal Bank of Canada reduced their target price on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Citizens Jmp cut Angi from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, UBS Group cut their target price on Angi from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.36.

Angi Stock Down 2.4%

NASDAQ ANGI opened at $15.44 on Monday. The business has a fifty day moving average price of $14.32 and a 200 day moving average price of $16.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market cap of $740.92 million, a P/E ratio of 193.02 and a beta of 1.81. Angi has a one year low of $10.88 and a one year high of $29.15.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The business had revenue of $245.91 million for the quarter, compared to analysts’ expectations of $239.73 million. Research analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in Angi during the 4th quarter valued at about $210,000. Jones Financial Companies Lllp lifted its position in shares of Angi by 38.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock worth $47,000 after purchasing an additional 7,944 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Angi by 16.7% in the fourth quarter. M&T Bank Corp now owns 589,242 shares of the technology company’s stock valued at $978,000 after purchasing an additional 84,304 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Angi in the fourth quarter valued at approximately $27,000. Finally, PNC Financial Services Group Inc. increased its stake in Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares during the period. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.