Angi (NASDAQ:ANGI) Sets New 12-Month Low – Time to Sell?

Angi Inc. (NASDAQ:ANGI) shares reached a new 52-week low on Tuesday . The stock traded as low as $1.59 and last traded at $1.59, with a volume of 51942 shares traded. The stock had previously closed at $1.65.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.11.

Angi Trading Down 2.4 %

The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $800.60 million, a P/E ratio of 23.00 and a beta of 1.86. The business has a 50-day moving average price of $2.11 and a two-hundred day moving average price of $2.25.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data 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 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 period in the prior year, the company posted ($0.01) earnings per share. On average, analysts expect that Angi Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Angi in the 2nd quarter valued at about $26,000. Barclays PLC boosted its position in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new stake in Angi during the 3rd quarter worth about $46,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Angi in the 2nd quarter worth about $85,000. Finally, Verition Fund Management LLC bought a new stake in shares of Angi during the 3rd quarter valued at about $116,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.