Citigroup Cuts Angi (NASDAQ:ANGI) Price Target to $1.70

Angi (NASDAQ:ANGI) had its target price reduced by Citigroup from $2.00 to $1.70 in a research report released on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. KeyCorp decreased their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $3.00 price objective on shares of Angi in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.06.

Angi Stock Up 1.2 %

ANGI opened at $1.64 on Friday. The company has a market capitalization of $815.52 million, a PE ratio of 23.43 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. Angi has a fifty-two week low of $1.57 and a fifty-two week high of $3.10. The business has a 50-day moving average of $1.95 and a 200-day moving average of $2.23.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. Equities research analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

Institutional investors and hedge funds have recently modified their holdings of the company. Trust Co of the South lifted its position in Angi by 98.9% in the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after purchasing an additional 25,500 shares during the period. JPMorgan Chase & Co. lifted its stake in Angi by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after purchasing an additional 65,119 shares during the period. Barclays PLC grew its stake in shares of 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 purchasing an additional 15,191 shares during the period. XTX Topco Ltd grew its holdings in shares of Angi by 250.1% in the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after purchasing an additional 72,060 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Angi in the 3rd quarter worth about $46,000. 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.