Angi (NASDAQ:ANGI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

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.

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

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.