Angi (NASDAQ:ANGI) Shares Down 4.9% – Should You Sell?

Angi Inc. (NASDAQ:ANGI) traded down 4.9% during mid-day trading on Friday . The stock traded as low as $1.74 and last traded at $1.75. 853,817 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 773,984 shares. The stock had previously closed at $1.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ANGI shares. JMP Securities reduced their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Citigroup lowered Angi from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. Benchmark dropped their price target on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, UBS Group upgraded shares of Angi to a “hold” rating in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Angi presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Stock Performance

The stock has a market capitalization of $880.17 million, a PE ratio of 25.29 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a 50 day moving average of $2.20 and a 200-day moving average of $2.27.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter in the prior year, the company earned ($0.01) EPS. Research analysts forecast that Angi Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC increased its stake in shares of Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after acquiring an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after purchasing an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

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.