Angi (NASDAQ:ANGI) Price Target Lowered to $5.00 at JPMorgan Chase & Co.
by Amy Steele · The Cerbat GemAngi (NASDAQ:ANGI – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $10.00 to $5.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.
A number of other brokerages also recently commented on ANGI. The Goldman Sachs Group set a $10.00 price objective on shares of Angi and gave the company a “neutral” rating in a research report on Thursday. Truist Financial set a $12.00 price target on shares of Angi and gave the stock a “buy” rating in a research note on Thursday. Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Friday, March 27th. Finally, Benchmark dropped their price objective on Angi from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.71.
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Angi Stock Performance
Angi stock traded up $0.33 during mid-day trading on Thursday, hitting $5.57. 1,501,630 shares of the company’s stock traded hands, compared to its average volume of 1,176,518. Angi has a one year low of $4.53 and a one year high of $19.42. The company has a market cap of $223.18 million, a PE ratio of 13.60 and a beta of 1.70. The firm has a 50 day moving average price of $7.41 and a 200 day moving average price of $10.43. The company has a quick ratio of 1.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.52.
Angi (NASDAQ:ANGI – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. The company had revenue of $238.15 million during the quarter, compared to the consensus estimate of $240.64 million. Angi had a net margin of 1.93% and a return on equity of 2.06%. Angi’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. On average, equities analysts forecast that Angi will post 0.85 EPS for the current year.
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.