Angi (NASDAQ:ANGI) Raised to Buy at Wall Street Zen

Key Points

• Angi Inc. (NASDAQ:ANGI) has been upgraded by Wall Street Zen from a "hold" to a "buy" rating, indicating positive investor sentiment.
• Despite the upgrade, Angi has recently experienced a 5.4% decrease in its trading value, currently sitting at $13.36.
• The company's most recent earnings report showed a revenue of $278.22 million, surpassing expectations, but it also reflected an 11.7% decline year-over-year.

Angi (NASDAQ:ANGI - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other research firms also recently commented on ANGI. 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 raised their target price on shares of Angi from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Weiss Ratings downgraded shares of Angi from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday. Citigroup downgraded shares of Angi from a "buy" rating to a "market perform" rating in a research report on Monday, June 16th. Finally, JMP Securities restated a "market perform" rating on shares of Angi in a report on Monday, June 16th. Two research 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $22.07.

Angi Trading Down 5.4%

NASDAQ ANGI opened at $13.36 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $592.38 million, a price-to-earnings ratio of 10.86 and a beta of 1.75. The company's 50-day simple moving average is $17.17 and its two-hundred day simple moving average is $15.72. Angi has a one year low of $10.88 and a one year high of $27.10.

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

Institutional Trading of Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. bought a new position in Angi Inc. (NASDAQ:ANGI - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 15,146 shares of the technology company's stock, valued at approximately $231,000. 12.84% of the stock is owned by institutional investors.

Angi Company Profile

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.

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