Angi (NASDAQ:ANGI) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Angi Inc. shares have **crossed above** their **200-day moving average** of $15.68, reaching a high of $18.65 during trading.
• Several analysts have set new price targets, with Benchmark raising its target to **$27** and Zacks Research upgrading Angi to a **"strong buy"** rating.
• Despite a revenue of **$278.22 million** last quarter, Angi reported a year-over-year revenue decline of **11.7%** and has a current average target price of **$22.07** from analysts.

Angi Inc. (NASDAQ:ANGI - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.68 and traded as high as $18.65. Angi shares last traded at $18.35, with a volume of 431,008 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ANGI shares. Wall Street Zen lowered Angi from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. KeyCorp decreased their target price on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Zacks Research upgraded Angi to a "strong-buy" rating in a report on Friday, August 8th. Citizens Jmp lowered Angi from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Finally, Benchmark lifted their target price on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Angi currently has an average rating of "Hold" and a consensus target price of $22.07.

Angi Price Performance

The stock has a 50-day moving average price of $16.58 and a 200 day moving average price of $15.67. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $809.21 million, a price-to-earnings ratio of 14.84 and a beta of 1.70.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Angi had a return on equity of 5.73% and a net margin of 5.50%.The firm had revenue of $278.22 million for the quarter, compared to analyst estimates of $261.02 million. The company's quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

Institutional investors have recently added to or reduced their stakes in the stock. Poehling Capital Management INC. acquired a new position in Angi in the 2nd quarter valued at about $231,000. Raymond James Financial Inc. acquired a new position in Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi in the 4th quarter valued at approximately $30,000. Oxford Asset Management LLP acquired a new stake in shares of Angi in the 4th quarter valued at approximately $33,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Angi in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds 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.