Angi (NASDAQ:ANGI) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Angi (NASDAQ:ANGI) from a strong-buy rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also commented on ANGI. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Monday, December 29th. Wall Street Zen downgraded Angi from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. KeyCorp set a $11.00 price objective on Angi in a research note on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of Angi in a research report on Thursday, February 12th. Finally, Truist Financial set a $17.00 price target on shares of Angi and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Angi currently has a consensus rating of “Hold” and an average target price of $15.33.

Angi Stock Performance

Angi stock opened at $8.13 on Tuesday. The firm has a market capitalization of $350.81 million, a PE ratio of 8.74 and a beta of 1.74. Angi has a one year low of $7.72 and a one year high of $19.42. The stock’s 50 day moving average price is $12.18 and its 200 day moving average price is $14.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.65.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The firm had revenue of $240.77 million for the quarter, compared to analysts’ expectations of $245.58 million. Angi had a net margin of 4.25% and a return on equity of 4.41%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) EPS. As a group, sell-side analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new position in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.