Angi (NASDAQ:ANGI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Angi has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating positive outlook on the stock.
• Royal Bank of Canada and UBS Group have both increased their price targets for Angi, with UBS raising it to $22.00.
• The company's latest earnings report showed a quarterly revenue of $278.22 million, exceeding expectations, although it reported a decrease compared to the previous year.

Wall Street Zen upgraded shares of Angi (NASDAQ:ANGI - Free Report) from a hold rating to a buy rating in a research report released on Saturday.

A number of other equities research analysts also recently commented on the stock. Zacks Research downgraded shares of Angi from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. UBS Group lifted their target price on shares of Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. JMP Securities reaffirmed a "market perform" rating on shares of Angi in a research report on Monday, June 16th. Citigroup downgraded shares of Angi from a "buy" rating to a "market perform" rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada lifted their target price on shares of Angi from $17.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Angi currently has a consensus rating of "Hold" and a consensus price target of $22.07.

Angi Stock Down 0.1%

NASDAQ ANGI traded down $0.01 during mid-day trading on Friday, reaching $17.35. The stock had a trading volume of 649,376 shares, compared to its average volume of 813,432. Angi has a 1 year low of $10.88 and a 1 year high of $29.15. The stock has a market cap of $769.30 million, a PE ratio of 14.11 and a beta of 1.80. The company has a fifty day moving average price of $17.24 and a 200 day moving average price of $15.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Angi had a return on equity of 5.73% and a net margin of 5.50%.The firm had revenue of $278.22 million during the quarter, compared to analysts' expectations of $261.02 million. The business's quarterly revenue was down 11.7% on a year-over-year basis. On average, research analysts expect that Angi will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ANGI. Graham Capital Management L.P. purchased a new position in shares of Angi during the 4th quarter valued at $46,000. State of Wyoming purchased a new stake in Angi in the 4th quarter worth $69,000. Squarepoint Ops LLC purchased a new stake in Angi in the 4th quarter worth $74,000. Jane Street Group LLC lifted its stake in Angi by 16.8% in the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after purchasing an additional 7,340 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Angi in the 4th quarter worth $97,000. Hedge funds and other institutional investors own 12.84% of the company's stock.

About Angi

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.