KeyCorp Issues Pessimistic Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price objective lowered by KeyCorp from $3.00 to $2.00 in a research note issued to investors on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

Several other brokerages have also recently issued reports on ANGI. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Benchmark decreased their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, JMP Securities cut their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3.11.

Angi Price Performance

ANGI stock opened at $1.97 on Wednesday. Angi has a 52-week low of $1.65 and a 52-week high of $3.10. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $979.62 million, a PE ratio of 28.14 and a beta of 1.95. The stock’s 50 day moving average is $2.43 and its two-hundred day moving average is $2.31.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period in the prior year, the firm earned ($0.01) EPS. Analysts predict that Angi will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of large investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Angi in the 2nd quarter valued at about $26,000. Barclays PLC grew its position in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Angi in the third quarter valued at approximately $46,000. BNP Paribas Financial Markets raised its stake in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after acquiring an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Angi during the 2nd quarter worth about $85,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

About Angi

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.