Angi (NASDAQ:ANGI) Price Target Lowered to $14.00 at Benchmark

Angi (NASDAQ:ANGI) had its target price decreased by Benchmark from $20.00 to $14.00 in a research report released on Thursday morning,Benzinga reports. Benchmark currently has a buy rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. KeyCorp downgraded shares of Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Truist Financial set a $17.00 price objective on Angi and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 target price (down from $18.00) on shares of Angi in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Angi presently has an average rating of “Hold” and a consensus price target of $9.71.

Angi Price Performance

Shares of ANGI stock traded up $0.33 during trading hours on Thursday, reaching $5.57. The company’s stock had a trading volume of 1,501,630 shares, compared to its average volume of 1,176,518. The company has a quick ratio of 1.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $223.18 million, a price-to-earnings ratio of 13.60 and a beta of 1.70. Angi has a fifty-two week low of $4.53 and a fifty-two week high of $19.42. The firm’s 50 day simple moving average is $7.41 and its 200-day simple moving average is $10.43.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The business had revenue of $238.15 million during the quarter, compared to analyst estimates of $240.64 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Angi will post 0.85 earnings per share for the current year.

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.