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

Angi (NASDAQ:ANGI)‘s stock had its “market perform” rating reissued by JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports.

ANGI has been the topic of several other reports. Wall Street Zen raised shares of Angi from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Citizens Jmp lowered shares of Angi from an “outperform” rating to a “market perform” rating in a research note on Monday. Benchmark boosted their price objective on Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Royal Bank Of Canada decreased their target price on Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 15th. Finally, KeyCorp lowered their price target on Angi from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Angi currently has an average rating of “Hold” and an average target price of $21.36.

Angi Stock Down 3.4%

ANGI opened at $15.21 on Monday. The company has a fifty day moving average of $14.44 and a two-hundred day moving average of $16.01. The stock has a market capitalization of $729.93 million, a price-to-earnings ratio of 13.83 and a beta of 1.81. Angi has a fifty-two week low of $10.88 and a fifty-two week high of $29.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 2.15.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.24. The company had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. Angi had a return on equity of 4.99% and a net margin of 4.69%. On average, research analysts expect that Angi will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Angi during the fourth quarter worth approximately $27,000. Hsbc Holdings PLC purchased a new position in shares of Angi during the 4th quarter worth $30,000. Headlands Technologies LLC boosted its position in shares of Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after acquiring an additional 18,523 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Angi in the fourth quarter valued at about $33,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Angi in the fourth quarter valued at about $41,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.