Angi (NASDAQ:ANGI) Shares Pass Above 200 Day Moving Average - Here's What Happened

Angi Inc. (NASDAQ:ANGI - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.77 and traded as high as $15.88. Angi shares last traded at $14.48, with a volume of 937,909 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on ANGI. Citigroup lowered Angi from a "buy" rating to a "market perform" rating in a research report on Monday, June 16th. Zacks Research lowered Angi from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Wall Street Zen lowered Angi from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. JMP Securities reiterated a "market perform" rating on shares of Angi in a research report on Monday, June 16th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Angi in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.07.

Angi Stock Performance

The stock has a 50 day moving average price of $17.30 and a two-hundred day moving average price of $15.77. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a market cap of $642.04 million, a price-to-earnings ratio of 11.77 and a beta of 1.75.

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

Institutional Trading of Angi

An institutional investor recently bought a new position in Angi stock. Squarepoint Ops LLC acquired a new position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,432 shares of the technology company's stock, valued at approximately $74,000. Institutional investors own 12.84% of the company's stock.

Angi Company Profile

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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