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

The Goldman Sachs Group lowered shares of Angi (NASDAQ:ANGI) from a buy rating to a neutral rating in a research note released on Wednesday morning, MarketBeat Ratings reports. The firm currently has $2.50 target price on the technology company’s stock, down from their previous target price of $3.25.

Other analysts have also recently issued research reports about the stock. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.25 to $2.00 in a research note on Wednesday. UBS Group upgraded 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.25.

Angi Stock Down 1.7 %

ANGI stock opened at $1.72 on Wednesday. The company has a market cap of $857.71 million, a price-to-earnings ratio of 24.57 and a beta of 1.95. The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. Angi has a 12 month low of $1.65 and a 12 month high of $3.10. The firm has a 50-day moving average of $2.48 and a two-hundred day moving average of $2.32.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The company had revenue of $296.72 million during 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 in the prior year, the firm earned ($0.01) EPS.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Angi in the 2nd quarter valued at $26,000. Barclays PLC raised its stake in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new stake in Angi during the 3rd quarter worth $46,000. BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 7,649 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Angi during the 2nd quarter worth $85,000. 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.