Benchmark Cuts Angi (NASDAQ:ANGI) Price Target to $6.00

Angi (NASDAQ:ANGI) had its price objective trimmed by Benchmark from $7.00 to $6.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

ANGI has been the topic of a number of other research reports. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a research note on Wednesday. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Finally, Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.25.

Angi Stock Performance

Shares of ANGI opened at $1.72 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 2.05. The company has a market capitalization of $857.71 million, a price-to-earnings ratio of 24.57 and a beta of 1.95. The company’s 50 day simple moving average is $2.48 and its 200 day simple moving average is $2.32. Angi has a 1 year low of $1.65 and a 1 year high of $3.10.

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. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter last year, the firm posted ($0.01) earnings per share.

Institutional Investors Weigh In On Angi

Large investors have recently added to or reduced their stakes in the company. Inspire Investing LLC boosted 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 valued at $1,192,000 after acquiring an additional 279,083 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Angi during the 2nd quarter valued at $183,000. Vanguard Group Inc. boosted its stake in Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after acquiring an additional 95,514 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Angi by 36.4% during 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 acquiring an additional 494,739 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Angi during the 1st quarter valued at $162,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.