Angi (NASDAQ:ANGI) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Angi Inc. (NASDAQ:ANGI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.76 and traded as high as $16.54. Angi shares last traded at $16.10, with a volume of 1,219,259 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities restated a "market perform" rating on shares of Angi in a research report on Monday, June 16th. Wall Street Zen raised shares of Angi from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Benchmark increased their price objective on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp decreased their target price on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, UBS Group dropped their price target on shares of Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.36.

Angi Price Performance

The business's 50-day simple moving average is $15.09 and its 200 day simple moving average is $15.76. The company has a market capitalization of $785.12 million, a P/E ratio of 14.87 and a beta of 1.78. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 4.69% and a return on equity of 4.99%. As a group, sell-side analysts anticipate that Angi Inc. will post 0.08 EPS for the current year.

Institutional Trading of Angi

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Angi during the fourth quarter valued at about $27,000. Hsbc Holdings PLC acquired a new position in shares of Angi in the 4th quarter worth approximately $30,000. Headlands Technologies LLC raised its holdings in shares of Angi by 9,308.0% in the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after purchasing an additional 18,523 shares in the last quarter. Oxford Asset Management LLP bought a new stake in shares of Angi in the 4th quarter worth approximately $33,000. Finally, Two Sigma Securities LLC acquired a new stake in Angi during the fourth quarter valued at approximately $41,000. 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.