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

Angi (NASDAQ:ANGI) had its price target decreased by analysts at KeyCorp from $4.00 to $3.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective suggests a potential upside of 18.11% from the company’s current price.

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

Angi Stock Performance

Shares of NASDAQ:ANGI traded up $0.10 during trading on Friday, reaching $2.54. The stock had a trading volume of 1,948,846 shares, compared to its average volume of 857,586. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $2.44 and a two-hundred day simple moving average of $2.32. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -31.75 and a beta of 1.97. Angi has a 52 week low of $1.54 and a 52 week high of $4.18.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company 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%. As a group, analysts anticipate that Angi will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total value of $25,023.24. Following the sale, the chief technology officer now directly owns 160,506 shares of the company’s stock, valued at $341,877.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 35,244 shares of company stock worth $85,643. 1.90% of the stock is owned by insiders.

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Angi by 44.6% in the 3rd quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after acquiring an additional 1,983,031 shares during the last quarter. Pale Fire Capital SE lifted its position in Angi by 377.0% during the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after acquiring an additional 4,966,764 shares during the period. General American Investors Co. Inc. boosted its position in shares of Angi by 20.7% during the fourth quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after buying an additional 246,335 shares during the last quarter. One Fin Capital Management LP increased its holdings in Angi by 30.0% in the 3rd quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock worth $2,574,000 after buying an additional 300,000 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in Angi by 469.5% in the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after buying an additional 421,841 shares during the last quarter. 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.