JPMorgan Chase & Co. Cuts Angi (NASDAQ:ANGI) Price Target to $5.00

Angi (NASDAQ:ANGI) had its price target cut by stock analysts at JPMorgan Chase & Co. from $10.00 to $5.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 4.29% from the company’s current price.

Several other equities research analysts also recently weighed in on ANGI. The Goldman Sachs Group set a $10.00 price target on shares of Angi and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th. UBS Group reaffirmed a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Benchmark decreased their price target on shares of Angi from $20.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Angi currently has a consensus rating of “Hold” and a consensus target price of $9.71.

Angi Trading Up 8.8%

ANGI stock traded up $0.42 during midday trading on Thursday, hitting $5.22. The stock had a trading volume of 2,690,663 shares, compared to its average volume of 1,164,290. Angi has a 1-year low of $4.53 and a 1-year high of $19.42. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54. The firm has a market cap of $209.48 million, a P/E ratio of 12.74 and a beta of 1.70. The business has a fifty day moving average price of $7.47 and a two-hundred day moving average price of $10.49.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.03%. The firm had revenue of $238.15 million during the quarter, compared to the consensus estimate of $240.64 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Angi will post 0.85 earnings per share for the current fiscal year.

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.