Angi (NASDAQ:ANGI) Earns “Neutral” Rating from JPMorgan Chase & Co.

Angi (NASDAQ:ANGI)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a report issued on Wednesday, MarketBeat.com reports.

Several other research analysts have also commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $3.00 target price on shares of Angi in a research report on Monday. UBS Group raised shares of 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 lowered their target price for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, 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 report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.11.

Angi Price Performance

Shares of NASDAQ ANGI opened at $1.70 on Wednesday. The firm has a market cap of $845.36 million, a PE ratio of 24.29 and a beta of 1.86. 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 has a 50 day moving average price of $2.14 and a two-hundred day moving average price of $2.26. Angi has a fifty-two week low of $1.62 and a fifty-two week high of $3.10.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations 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 company posted ($0.01) earnings per share. Sell-side analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. ArrowMark Colorado Holdings LLC grew its position in Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after buying an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 1,306,515 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 161,189 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of Angi by 152.5% during the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 279,083 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.

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.