Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.74 and traded as high as $17.15. Angi shares last traded at $17.15, with a volume of 808,711 shares changing hands.
Analyst Ratings Changes
ANGI has been the topic of a number of analyst reports. UBS Group cut their price objective 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. Citigroup lowered shares of Angi from a "buy" rating to a "market perform" rating in a research report on Monday, June 16th. JMP Securities reaffirmed a "market perform" rating on shares of Angi in a research report on Monday, June 16th. KeyCorp decreased their price objective on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Citizens Jmp downgraded Angi from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $21.36.
Check Out Our Latest Report on Angi
Angi Trading Down 0.1%
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 firm has a fifty day simple moving average of $16.08 and a two-hundred day simple moving average of $15.75. The firm has a market capitalization of $813.91 million, a P/E ratio of 15.42 and a beta of 1.78.
Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 4.99% and a net margin of 4.69%. On average, equities research analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.
Institutional Trading of Angi
A number of institutional investors have recently modified their holdings of ANGI. ArrowMark Colorado Holdings LLC increased its position in shares of Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after buying an additional 267,946 shares during the period. Westerly Capital Management LLC lifted its stake in Angi by 20.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock worth $4,714,000 after purchasing an additional 490,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after purchasing an additional 914,037 shares during the period. Two Sigma Investments LP grew its position in shares of Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after purchasing an additional 158,662 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after purchasing an additional 207,300 shares during the period. 12.84% of the stock is currently owned by hedge funds and other institutional investors.
Angi Company Profile
(
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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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