Angi (NASDAQ:ANGI) Sets New 52-Week Low – Should You Sell?

Angi Inc. (NASDAQ:ANGI)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.57 and last traded at $1.58, with a volume of 217944 shares changing hands. The stock had previously closed at $1.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Benchmark lowered their price target 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. KeyCorp reduced their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. JMP Securities restated a “market outperform” rating and issued a $3.00 target price on shares of Angi in a research note on Monday, December 16th. Finally, Citigroup decreased their price objective on Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Friday, January 3rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Angi currently has an average rating of “Hold” and an average price target of $3.06.

Angi Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $775.74 million, a price-to-earnings ratio of 22.29 and a beta of 1.86. The business has a fifty day moving average price of $1.89 and a two-hundred day moving average price of $2.22.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The firm had revenue of $296.72 million for 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 quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities analysts expect that Angi Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position in Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 1,306,515 shares during the period. Dimensional Fund Advisors LP lifted its stake in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after buying an additional 494,739 shares in the last quarter. Inspire Investing LLC increased its stake in Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Angi in the third quarter valued at approximately $645,000. Finally, AQR Capital Management LLC boosted its stake in shares of Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after acquiring an additional 161,189 shares during the last quarter. 12.84% of the stock is 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.