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

Key Points

• Angi Inc. (NASDAQ: ANGI) shares have recently crossed above their 200-day moving average of $15.77, reaching a high of $16.97 during trading.
• Analysts have mixed reviews on Angi, with updates including Royal Bank of Canada raising their price target to $20.00 and Citigroup downgrading to a "market perform" rating.
• Despite a decrease in revenue of 11.7% compared to the previous year, Angi's earnings per share for the last quarter were reported at $0.23, slightly below the expected $0.24.

Angi Inc. (NASDAQ:ANGI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.77 and traded as high as $16.97. Angi shares last traded at $16.52, with a volume of 584,083 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. UBS Group increased their price objective on shares of Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Citigroup downgraded shares of Angi from a "buy" rating to a "market perform" rating in a research note on Monday, June 16th. Citizens Jmp downgraded shares of Angi from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Zacks Research downgraded shares of Angi from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.07.

Angi Price Performance

The company's fifty day moving average price is $17.42 and its 200 day moving average price is $15.77. The company has a market capitalization of $732.50 million, a P/E ratio of 13.43 and a beta of 1.80. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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

Institutional Trading of Angi

A number of hedge funds have recently added to or reduced their stakes in ANGI. Poehling Capital Management INC. acquired a new position in shares of Angi during the second quarter worth $231,000. Squarepoint Ops LLC acquired a new position in shares of Angi during the fourth quarter worth $74,000. Two Sigma Investments LP lifted its holdings in shares of Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after purchasing an additional 158,662 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Angi by 16.8% during the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after purchasing an additional 7,340 shares during the period. 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.

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