Angi (NASDAQ:ANGI) Stock Rating Upgraded by StockNews.com

Angi (NASDAQ:ANGI - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Wednesday.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada reduced their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. JMP Securities reduced their target price on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup raised their target price on Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.25.

Angi Trading Down 4.6 %

Angi stock traded down $0.57 during mid-day trading on Wednesday, hitting $11.75. The stock had a trading volume of 997,739 shares, compared to its average volume of 233,602. The stock has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $17.76. The stock has a market capitalization of $584.29 million, a PE ratio of 146.89 and a beta of 1.88. Angi has a 12 month low of $11.00 and a 12 month high of $29.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Angi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC raised its position in Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after buying an additional 267,946 shares during the last quarter. Westerly Capital Management LLC raised its position in Angi by 20.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after buying an additional 490,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after buying an additional 914,037 shares during the last quarter. Two Sigma Investments LP raised its position in Angi by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after buying an additional 158,662 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Angi by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock valued at $1,203,000 after buying an additional 207,300 shares during the last quarter. Institutional investors and hedge funds own 12.84% of the company's stock.

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.