Angi (NASDAQ:ANGI) Given “Underweight” Rating at JPMorgan Chase & Co.

Angi (NASDAQ:ANGI)‘s stock had its “underweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued on Friday, Benzinga reports.

Other equities research analysts have also issued reports about the company. Truist Financial set a $10.00 price objective on Angi and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Angi from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. UBS Group set a $5.00 price objective on shares of Angi and gave the company a “neutral” rating in a research report on Friday, August 7th. Citizens Jmp reissued a “market perform” rating on shares of Angi in a research note on Monday, July 13th. Finally, Royal Bank Of Canada set a $14.00 target price on shares of Angi in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.29.

Angi Price Performance

Angi stock opened at $4.65 on Friday. Angi has a 52-week low of $4.26 and a 52-week high of $18.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $5.35 and its 200 day moving average is $6.16. The company has a market cap of $188.09 million, a price-to-earnings ratio of -0.84 and a beta of 1.61.

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

Hedge Funds Weigh In On Angi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pale Fire Capital SE acquired a new position in Angi during the 2nd quarter valued at approximately $23,386,000. Flax Pond Capital LLC acquired a new position in shares of Angi in the first quarter valued at about $3,324,000. Pacer Advisors Inc. purchased a new stake in Angi in the first quarter valued at approximately $1,592,000. Empowered Funds LLC purchased a new stake in shares of Angi in the 1st quarter valued at $1,136,000. Finally, Engineers Gate Manager LP purchased a new stake in Angi in the second quarter valued at $399,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.