Angi (NASDAQ:ANGI) Given New $15.00 Price Target at UBS Group

Angi (NASDAQ:ANGI) had its price objective lowered by UBS Group from $22.00 to $15.00 in a research note published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Several other equities research analysts have also recently issued reports on ANGI. Zacks Research cut Angi from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Royal Bank Of Canada reduced their price objective on Angi from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings lowered shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Finally, KeyCorp decreased their price target on shares of Angi from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.50.

Angi Price Performance

ANGI stock opened at $11.43 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. The company’s fifty day moving average price is $15.29 and its 200-day moving average price is $15.80. Angi has a one year low of $10.88 and a one year high of $26.50. The company has a market capitalization of $506.83 million, a PE ratio of 9.29 and a beta of 1.75.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.10). The company had revenue of $265.63 million for the quarter, compared to analysts’ expectations of $268.96 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. acquired a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 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.