Angi (NASDAQ:ANGI) Rating Lowered to “Strong Sell” at Zacks Research

Angi (NASDAQ:ANGI) was downgraded by Zacks Research from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. KeyCorp set a $11.00 target price on shares of Angi in a report on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of Angi in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research report on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 target price (down previously from $18.00) on shares of Angi in a research note on Tuesday. Finally, Truist Financial set a $17.00 price target on Angi and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.33.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $8.13 on Tuesday. The company has a market cap of $350.81 million, a P/E ratio of 8.74 and a beta of 1.74. The business has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $14.02. Angi has a 52 week low of $7.72 and a 52 week high of $19.42. The company has a quick ratio of 1.89, a current ratio of 1.65 and a debt-to-equity ratio of 0.54.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The business had revenue of $240.77 million for the quarter, compared to analysts’ expectations of $245.58 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) earnings per share. Equities research analysts forecast that Angi will post 0.08 EPS for the current year.

Institutional Trading of Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. acquired a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.