Wall Street Zen Downgrades Angi (NASDAQ:ANGI) to Buy

Angi (NASDAQ:ANGI - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

A number of other brokerages have also recently issued reports on ANGI. Citizens Jmp cut Angi from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. KeyCorp dropped their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group dropped their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Benchmark raised their price objective on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada dropped their price objective on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Angi currently has an average rating of "Hold" and a consensus price target of $21.36.

Angi Stock Up 1.1%

Shares of ANGI traded up $0.18 during trading hours on Friday, reaching $16.26. The stock had a trading volume of 734,954 shares, compared to its average volume of 470,809. Angi has a 12 month low of $10.88 and a 12 month high of $29.15. The firm has a 50-day simple moving average of $15.51 and a 200 day simple moving average of $15.74. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $780.32 million, a price-to-earnings ratio of 14.78 and a beta of 1.78.

Angi (NASDAQ:ANGI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. Angi had a return on equity of 4.99% and a net margin of 4.69%. The company had revenue of $245.91 million for the quarter, compared to analysts' expectations of $239.73 million. Equities research analysts predict that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new stake in Angi in the 4th quarter worth about $74,000. Two Sigma Advisers LP increased its holdings in Angi by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP increased its holdings in Angi by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after acquiring an additional 158,662 shares during the last quarter. State of Wyoming bought a new position in Angi in the 4th quarter worth about $69,000. Finally, Graham Capital Management L.P. bought a new position in Angi in the 4th quarter worth about $46,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.