Angi (NASDAQ:ANGI) Cut to Neutral at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Angi (NASDAQ:ANGI) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have $2.50 price objective on the technology company’s stock, down from their previous price objective of $3.25.

Several other research firms have also issued reports on ANGI. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.00 in a report on Wednesday. UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.25.

Angi Stock Down 1.7 %

Shares of NASDAQ:ANGI opened at $1.72 on Wednesday. Angi has a 1 year low of $1.65 and a 1 year high of $3.10. The business has a 50 day simple moving average of $2.48 and a two-hundred day simple moving average of $2.32. The firm has a market capitalization of $857.71 million, a PE ratio of 24.57 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Angi in the second quarter worth about $26,000. Barclays PLC raised its position in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares during the period. Centiva Capital LP acquired a new position in shares of Angi during the 3rd quarter worth about $46,000. BNP Paribas Financial Markets raised its position in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi during the 2nd quarter worth about $85,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.