KeyCorp Trims Angi (NASDAQ:ANGI) Target Price to $3.00

Angi (NASDAQ:ANGI) had its target price reduced by KeyCorp from $4.00 to $3.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts have also issued reports on ANGI. UBS Group raised their price objective on shares of Angi from $2.60 to $3.00 and gave the company a neutral rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of Angi from $3.00 to $3.50 and gave the stock a buy rating in a report on Friday, February 16th. Royal Bank of Canada increased their price objective on Angi from $2.25 to $3.25 and gave the company a sector perform rating in a report on Thursday, February 15th. Finally, StockNews.com raised Angi from a hold rating to a buy rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Angi presently has a consensus rating of Moderate Buy and a consensus target price of $4.11.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $2.54 on Friday. Angi has a one year low of $1.54 and a one year high of $4.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -31.75 and a beta of 1.97. The firm has a 50 day simple moving average of $2.44 and a 200 day simple moving average of $2.33.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $300.43 million for the quarter, compared to analyst estimates of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. Research analysts predict that Angi will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $2.58, for a total transaction of $30,309.84. Following the completion of the sale, the chief technology officer now owns 166,034 shares of the company’s stock, valued at approximately $428,367.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 35,244 shares of company stock valued at $85,643. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new stake in Angi in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC increased its holdings in shares of Angi by 140.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock valued at $45,000 after acquiring an additional 10,447 shares in the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of Angi during the fourth quarter worth approximately $57,000. BNP Paribas Financial Markets lifted its holdings in shares of Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Angi in the 4th quarter valued at $101,000. Institutional investors own 12.84% of the company’s stock.

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.