Angi (NASDAQ:ANGI) Sets New 1-Year Low – Time to Sell?

Angi Inc. (NASDAQ:ANGI)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $1.62 and last traded at $1.64, with a volume of 1147593 shares traded. The stock had previously closed at $1.73.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th. JMP Securities reiterated a “market outperform” rating and set a $3.00 target price on shares of Angi in a research report on Monday. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, Benchmark reduced their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Angi presently has an average rating of “Hold” and an average price target of $3.11.

Angi Trading Down 1.8 %

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 stock has a fifty day moving average of $2.14 and a 200-day moving average of $2.26. The company has a market cap of $830.44 million, a PE ratio of 23.86 and a beta of 1.86.

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. The firm had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts anticipate that Angi Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Several hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. XTX Topco Ltd boosted its position in Angi by 250.1% in the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after purchasing an additional 72,060 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Angi in the 3rd quarter valued at $46,000. ArrowMark Colorado Holdings LLC boosted its holdings in Angi by 1.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after buying an additional 84,328 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Angi during the third quarter valued at $116,000. 12.84% of the stock is currently owned by hedge funds and other 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.