JMP Securities Reaffirms Market Perform Rating for Angi (NASDAQ:ANGI)

JMP Securities reissued their market perform rating on shares of Angi (NASDAQ:ANGI) in a report published on Monday,Benzinga reports.

A number of other brokerages have also recently issued reports on ANGI. UBS Group reduced their target price on shares of Angi from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Citigroup dropped their price target on shares of Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. KeyCorp dropped their price target on shares of Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Angi from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Citizens Jmp downgraded shares of Angi from an “outperform” rating to a “market perform” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.36.

Angi Price Performance

ANGI opened at $15.74 on Monday. The company has a fifty day moving average price of $14.40 and a two-hundred day moving average price of $16.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi has a 52 week low of $10.88 and a 52 week high of $29.15. The firm has a market capitalization of $755.32 million, a PE ratio of 196.77 and a beta of 1.81.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. As a group, analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGI. Bank of New York Mellon Corp purchased a new stake in Angi in the 4th quarter valued at about $210,000. Jones Financial Companies Lllp increased its stake in shares of Angi by 38.8% during the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock worth $47,000 after purchasing an additional 7,944 shares during the last quarter. M&T Bank Corp increased its stake in shares of Angi by 16.7% during the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company’s stock worth $978,000 after purchasing an additional 84,304 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Angi during the 4th quarter worth approximately $27,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after purchasing an additional 17,605 shares during 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.