KeyCorp Cuts Angi (NASDAQ:ANGI) Price Target to $2.00

Angi (NASDAQ:ANGI) had its target price decreased by KeyCorp from $3.00 to $2.00 in a research report released on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on ANGI. 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 report on Wednesday, November 13th. Benchmark lowered their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. JMP Securities lowered their price objective on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Angi presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Price Performance

Angi stock opened at $1.97 on Wednesday. Angi has a 12-month low of $1.65 and a 12-month high of $3.10. The stock has a market cap of $982.38 million, a P/E ratio of 28.14 and a beta of 1.95. The company has a 50-day moving average price of $2.45 and a 200 day moving average price of $2.32. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last announced 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 business had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the business earned ($0.01) earnings per share. Sell-side analysts anticipate that Angi will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently modified their holdings of ANGI. Headlands Technologies LLC acquired a new position in shares of Angi in the 2nd quarter valued at $26,000. Barclays PLC increased its stake in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP acquired a new position in Angi in the 3rd quarter valued at $46,000. BNP Paribas Financial Markets increased its stake in Angi by 44.6% in 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 period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Angi in the 2nd quarter valued at $85,000. 12.84% of the stock is 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.