Angi’s (ANGI) “Market Perform” Rating Reiterated at Citizens Jmp

Angi (NASDAQ:ANGI)‘s stock had its “market perform” rating restated by equities researchers at Citizens Jmp in a research report issued on Monday,Benzinga reports.

Several other research analysts also recently commented on the company. Benchmark restated a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a research report on Wednesday, June 24th. JPMorgan Chase & Co. decreased their target price on shares of Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. The Goldman Sachs Group set a $10.00 price target on shares of Angi and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of Angi in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

Angi Stock Performance

Shares of ANGI opened at $6.24 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $252.41 million, a PE ratio of 15.22 and a beta of 1.61. Angi has a 1 year low of $4.53 and a 1 year high of $19.42. The stock’s fifty day moving average price is $5.65 and its two-hundred day moving average price is $8.23.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, May 5th. The technology company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The firm had revenue of $238.15 million during the quarter, compared to analyst estimates of $240.63 million. During the same quarter last year, the business earned $0.30 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities research analysts forecast that Angi will post 0.16 EPS for the current year.

Institutional Trading of Angi

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new position in Angi in the first quarter worth $25,000. Royal Bank of Canada bought a new stake in Angi during the first quarter worth about $73,000. Janus Henderson Group PLC purchased a new position in shares of Angi in the 1st quarter worth about $118,000. California State Teachers Retirement System bought a new position in shares of Angi during the 1st quarter valued at about $237,000. Finally, Bank of America Corp DE purchased a new position in shares of Angi during the 1st quarter valued at about $325,000. Hedge funds and other 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.