Angi (NASDAQ:ANGI – Free Report) had its price target decreased by UBS Group from $3.00 to $2.20 in a research report report published on Friday, Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.
ANGI has been the topic of a number of other reports. Truist Financial cut their price objective on shares of Angi from $5.00 to $4.00 and set a buy rating on the stock in a research note on Thursday, November 9th. Royal Bank of Canada cut their price objective on shares of Angi from $3.25 to $2.25 and set a sector perform rating on the stock in a research note on Thursday, November 9th. Benchmark lowered their target price on Angi from $8.00 to $7.00 and set a buy rating on the stock in a report on Thursday, November 9th. KeyCorp lowered their target price on Angi from $5.00 to $4.00 and set an overweight rating on the stock in a report on Wednesday, August 23rd. Finally, Credit Suisse Group lowered their target price on Angi from $7.00 to $6.00 and set an outperform rating on the stock in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $4.23.
Angi Stock Performance
Angi (NASDAQ:ANGI – Get Free Report) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $371.80 million for the quarter, compared to analysts’ expectations of $377.00 million. Angi had a negative return on equity of 6.51% and a negative net margin of 5.61%. The firm’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. On average, research analysts predict that Angi will post -0.09 EPS for the current year.
Hedge Funds Weigh In On Angi
A number of institutional investors have recently bought and sold shares of ANGI. Boulder Hill Capital Management LP purchased a new position in Angi in the 1st quarter worth about $26,000. DAVENPORT & Co LLC purchased a new position in Angi during the 3rd quarter valued at about $27,000. Bessemer Group Inc. purchased a new position in Angi during the 1st quarter valued at about $29,000. Acadian Asset Management LLC purchased a new position in Angi during the 2nd quarter valued at about $35,000. Finally, Pinnacle Associates Ltd. grew its stake in Angi by 53.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 20,000 shares of the technology company’s stock valued at $45,000 after acquiring an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 11.42% of the company’s stock.
Angi Company Profile
Angi Inc connects home service professionals with consumers in the United States and internationally. The company's Ads and Leads, which connects consumers with service professionals for local services through nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as quoting, invoicing, and payment services.
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