Angi (NASDAQ:ANGI – Get Free Report) had its price target reduced by equities researchers at Royal Bank of Canada from $3.50 to $3.25 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 28.46% from the company’s current price.
A number of other research firms have also recently issued reports on ANGI. Credit Suisse Group cut their price objective on Angi from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com assumed coverage on Angi in a report on Thursday, May 18th. They set a “hold” rating for the company. KeyCorp increased their target price on Angi from $3.00 to $5.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Finally, Citigroup dropped their target price on Angi from $3.80 to $3.10 and set a “buy” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Angi currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.21.
View Our Latest Report on Angi
Angi Stock Performance
Angi (NASDAQ:ANGI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). Angi had a negative return on equity of 7.59% and a negative net margin of 5.91%. The firm had revenue of $375.10 million during the quarter, compared to analysts’ expectations of $403.42 million. During the same period in the prior year, the business earned ($0.05) EPS. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. Research analysts predict that Angi will post -0.1 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Swiss National Bank increased its position in Angi by 4.3% during the 1st quarter. Swiss National Bank now owns 161,500 shares of the technology company’s stock valued at $916,000 after buying an additional 6,700 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Angi by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 76,456 shares of the technology company’s stock worth $434,000 after buying an additional 4,137 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Angi in the 1st quarter worth $1,196,000. Oppenheimer & Co. Inc. purchased a new position in shares of Angi in the 1st quarter worth $59,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Angi by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 564,167 shares of the technology company’s stock worth $3,199,000 after buying an additional 5,914 shares during the last quarter. Institutional investors own 11.40% of the company’s stock.
About Angi
Angi Inc connects home service professionals with consumers in the United States and internationally. The company's Ads and Leads, which connects consumers with service professionals for local services through nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as quoting, invoicing, and payment services.
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