Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $11.25, but opened at $14.99. Angi shares last traded at $14.84, with a volume of 1,271,119 shares traded.
The technology company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%.
Analyst Upgrades and Downgrades
Several research firms recently commented on ANGI. Benchmark raised their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday. KeyCorp dropped their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Royal Bank of Canada lowered their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. UBS Group reduced their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research report on Saturday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $21.36.
View Our Latest Stock Report on ANGI
Institutional Investors Weigh In On Angi
A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Angi during the 4th quarter worth $27,000. Barclays PLC grew its stake in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Angi during the 4th quarter worth $30,000. Headlands Technologies LLC grew its stake in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after purchasing an additional 18,523 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new position in Angi during the 4th quarter worth $33,000. 12.84% of the stock is owned by institutional investors and hedge funds.
Angi Price Performance
The stock has a market capitalization of $803.00 million, a price-to-earnings ratio of 201.40 and a beta of 1.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a 50 day moving average of $13.87 and a 200 day moving average of $17.01.
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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