Angi (NASDAQ:ANGI) Price Target Lowered to $18.00 at Royal Bank Of Canada

Angi (NASDAQ:ANGI) had its price target dropped by investment analysts at Royal Bank Of Canada from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 51.26% from the company’s previous close.

Several other research firms have also recently issued reports on ANGI. UBS Group raised their price target on shares of Angi from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Zacks Research cut shares of Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings cut shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. KeyCorp decreased their price target on shares of Angi from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Wall Street Zen cut shares of Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Angi Price Performance

NASDAQ ANGI traded up $0.05 during trading hours on Thursday, reaching $11.90. The company’s stock had a trading volume of 413,365 shares, compared to its average volume of 823,861. The stock has a market cap of $527.67 million, a PE ratio of 9.68 and a beta of 1.75. Angi has a fifty-two week low of $10.88 and a fifty-two week high of $27.10. The company’s 50-day moving average is $15.67 and its two-hundred day moving average is $15.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). The business had revenue of $265.63 million during the quarter, compared to analyst estimates of $268.96 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. Angi’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts forecast that Angi will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. acquired a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. 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.