Angi (NASDAQ:ANGI) Downgraded by Zacks Research to “Strong Sell”

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

ANGI has been the topic of several other reports. UBS Group reissued a “neutral” rating on shares of Angi in a report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of Angi in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research report on Monday, December 29th. Truist Financial set a $17.00 price objective on shares of Angi and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, KeyCorp set a $11.00 target price on shares of Angi in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.33.

Angi Stock Performance

Shares of Angi stock opened at $8.13 on Tuesday. Angi has a 12 month low of $7.72 and a 12 month high of $19.42. The firm has a market capitalization of $350.81 million, a P/E ratio of 8.74 and a beta of 1.74. The company has a current ratio of 1.65, a quick ratio of 1.89 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $12.18 and a two-hundred day simple moving average of $14.02.

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

Institutional Investors Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. bought a new stake in shares of Angi Inc. (NASDAQ:ANGI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.