JMP Securities Initiates Coverage on Angi (NASDAQ:ANGI)

Investment analysts at JMP Securities began coverage on shares of Angi (NASDAQ:ANGIGet Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $3.25 price target on the technology company’s stock. JMP Securities’ price target points to a potential upside of 70.16% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp lowered their price target on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Citigroup lowered their target price on shares of Angi from $4.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.03.

View Our Latest Stock Analysis on Angi

Angi Trading Down 5.0 %

Shares of ANGI opened at $1.91 on Tuesday. The stock’s fifty day simple moving average is $2.11 and its 200-day simple moving average is $2.33. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $958.32 million, a PE ratio of -38.20 and a beta of 2.01. Angi has a 12-month low of $1.54 and a 12-month high of $4.18.

Insider Transactions at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total transaction of $25,023.24. Following the sale, the chief technology officer now owns 160,506 shares of the company’s stock, valued at approximately $341,877.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 35,244 shares of company stock valued at $70,958 over the last three months. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co of the South bought a new position in Angi in the fourth quarter valued at approximately $226,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Angi by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock worth $708,000 after purchasing an additional 6,587 shares during the period. Delta Investment Management LLC boosted its stake in Angi by 318.2% in the 4th quarter. Delta Investment Management LLC now owns 46,000 shares of the technology company’s stock worth $115,000 after purchasing an additional 35,000 shares during the period. Victory Capital Management Inc. bought a new position in Angi during the 4th quarter worth about $26,000. Finally, M&T Bank Corp raised its stake in shares of Angi by 54.3% in the 4th quarter. M&T Bank Corp now owns 449,442 shares of the technology company’s stock valued at $1,120,000 after purchasing an additional 158,154 shares during the period. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Company Profile

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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.

Further Reading

Analyst Recommendations for Angi (NASDAQ:ANGI)

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