Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price 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.
Analyst Upgrades and Downgrades
ANGI has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Angi from a "strong-buy" rating to a "buy" rating in a report on Saturday. UBS Group cut their price target on shares of Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Benchmark upped their price objective on shares of Angi from $6.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada dropped their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Angi in a report on Monday, June 16th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.36.
View Our Latest Report on ANGI
Angi Stock Performance
The stock has a market capitalization of $802.63 million, a PE ratio of 15.20 and a beta of 1.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 2.15. The business's fifty day moving average price is $15.34 and its 200-day moving average price is $15.75.
Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly 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 net margin of 4.69% and a return on equity of 4.99%. The firm had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. As a group, equities research analysts expect that Angi Inc. will post 0.08 EPS for the current year.
Institutional Investors Weigh In On Angi
A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Angi by 16.8% in the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after buying an additional 7,340 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Angi by 38.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after purchasing an additional 7,944 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Angi in the fourth quarter worth approximately $27,000. PNC Financial Services Group Inc. increased its position in shares of Angi by 24.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after purchasing an additional 17,605 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Angi in the fourth quarter worth approximately $30,000. 12.84% of the stock is owned by hedge funds and other institutional investors.
About Angi
(
Get Free Report)
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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