Angi (NASDAQ:ANGI) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Angi (NASDAQ:ANGI) in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage issued an underweight rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Angi from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. The Goldman Sachs Group set a $6.00 target price on shares of Angi and gave the company a “neutral” rating in a research note on Monday, July 13th. Benchmark reiterated a “buy” rating on shares of Angi in a report on Tuesday, May 26th. Royal Bank Of Canada set a $14.00 target price on shares of Angi in a research report on Tuesday, May 26th. Finally, Truist Financial set a $10.00 price target on shares of Angi and gave the company a “buy” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.29.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $4.72 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $190.92 million, a price-to-earnings ratio of -0.86 and a beta of 1.61. The business’s 50-day simple moving average is $5.33 and its 200-day simple moving average is $6.14. Angi has a 52 week low of $4.26 and a 52 week high of $18.38.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($5.83). The company had revenue of $248.00 million during the quarter, compared to analyst estimates of $253.43 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share.

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in Angi during the 1st quarter valued at $1,136,000. Royal Bank of Canada acquired a new stake in Angi in the 1st quarter worth $73,000. California State Teachers Retirement System acquired a new stake in Angi in the 1st quarter worth $237,000. Janus Henderson Group PLC bought a new position in shares of Angi during the 1st quarter worth about $118,000. Finally, Bank of America Corp DE bought a new position in shares of Angi during the 1st quarter worth about $325,000. Institutional investors own 12.84% of the company’s stock.

Angi Company Profile

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.