Angi (NASDAQ:ANGI) Hits New 1-Year Low – Here’s Why

Angi Inc. (NASDAQ:ANGI) hit a new 52-week low on Wednesday . The company traded as low as $1.57 and last traded at $1.58, with a volume of 217944 shares traded. The stock had previously closed at $1.62.

Analyst Ratings Changes

Several equities research analysts have issued reports on ANGI shares. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. 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. KeyCorp cut 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. Finally, Benchmark lowered 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Angi has a consensus rating of “Hold” and a consensus target price of $3.06.

Angi Price Performance

The firm has a market cap of $780.71 million, a P/E ratio of 22.43 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’s 50 day moving average is $1.92 and its two-hundred day moving average is $2.23.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (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 for the quarter, compared to analyst estimates of $295.90 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. As a group, analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Angi

Several large investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Angi in the second quarter worth $26,000. Barclays PLC grew its position in Angi by 1,255.5% during the third 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 purchased a new stake in Angi during the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC bought a new stake in Angi in the second quarter worth about $85,000. Finally, Trust Co of the South boosted its stake 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 valued at $85,000 after acquiring an additional 25,500 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.