Wall Street Zen Downgrades Angi (NASDAQ:ANGI) to Sell

by · The Markets Daily

Angi (NASDAQ:ANGI – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also weighed in on ANGI. Truist Financial set a $10.00 price objective on shares of Angi and gave the stock a “buy” rating in a research note on Thursday. Benchmark restated a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. The Goldman Sachs Group set a $6.00 target price on Angi and gave the company a “neutral” rating in a report on Monday, July 13th. JPMorgan Chase & Co. dropped their price target on Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.29.

Read Our Latest Analysis on ANGI

Angi Stock Performance

Angi stock opened at $4.84 on Friday. Angi has a 52 week low of $4.26 and a 52 week high of $18.94. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $195.78 million, a P/E ratio of -0.88 and a beta of 1.62. The stock has a 50 day moving average of $5.79 and a 200-day moving average of $7.24.

Angi (NASDAQ:ANGI – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. On average, analysts expect that Angi will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in Angi during the 1st quarter valued at $1,136,000. Royal Bank of Canada bought a new position in shares of Angi in the first quarter worth $73,000. California State Teachers Retirement System bought a new position in shares of Angi in the first quarter worth $237,000. Janus Henderson Group PLC acquired a new position in shares of Angi during the first quarter valued at $118,000. Finally, Bank of America Corp DE acquired a new position in shares of Angi during the first quarter valued at $325,000. Institutional investors own 12.84% of the company’s stock.

About Angi

(Get Free Report)

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.

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