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

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) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Several research firms recently issued reports on ANGI. KeyCorp cut their target price on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JMP Securities reissued a "market perform" rating on shares of Angi in a research report on Monday, June 16th. UBS Group upped their target price on Angi from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Benchmark upped their target price on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded Angi from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. One equities 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. According to MarketBeat, Angi currently has an average rating of "Hold" and a consensus price target of $22.07.

Angi Price Performance

The firm has a 50-day simple moving average of $16.62 and a two-hundred day simple moving average of $15.66. The company has a market capitalization of $790.14 million, a price-to-earnings ratio of 14.49 and a beta of 1.70. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50.

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 net margin of 5.50% and a return on equity of 5.73%. The business had revenue of $278.22 million for the quarter, compared to analyst estimates of $261.02 million. The business's revenue was down 11.7% on a year-over-year basis. As a group, analysts predict that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently modified their holdings of ANGI. Raymond James Financial Inc. acquired a new stake in shares of Angi during the 4th quarter valued at about $27,000. Marshall Wace LLP acquired a new stake in shares of Angi during the 4th quarter valued at about $423,000. Stifel Financial Corp acquired a new stake in shares of Angi during the 4th quarter valued at about $90,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the 4th quarter valued at about $30,000. Finally, Two Sigma Securities LLC purchased a new position in Angi in the 4th quarter valued at about $41,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.