Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.91, but opened at $2.04. Angi shares last traded at $2.03, with a volume of 342,496 shares trading hands.
Several equities research analysts recently commented on ANGI shares. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th. UBS Group upgraded Angi to a "hold" rating in a research note on Monday, October 28th. The Goldman Sachs Group lowered 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 report on Wednesday, November 13th. JMP Securities decreased their price objective on Angi from $3.25 to $3.00 and set a "market outperform" rating for the company in a report on Wednesday, November 13th. Finally, Citigroup lowered Angi from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Angi presently has an average rating of "Moderate Buy" and a consensus price target of $3.25.
Get Our Latest Analysis on ANGI
The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The business's 50-day moving average is $2.47 and its two-hundred day moving average is $2.32. The company has a market capitalization of $974.90 million, a P/E ratio of 28.93 and a beta of 1.95.
Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same period last year, the company earned ($0.01) earnings per share. As a group, analysts predict that Angi Inc. will post 0.04 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of ANGI. Headlands Technologies LLC bought a new position in Angi in the second quarter valued at $26,000. Barclays PLC grew its holdings 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 purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Angi in the third quarter worth $46,000. BNP Paribas Financial Markets raised its holdings in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company's stock valued at $65,000 after buying an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Angi during the 2nd quarter valued at $85,000. Hedge funds and other institutional investors own 12.84% of the company's stock.
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.
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