Angi (NASDAQ:ANGI) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Angi Inc. (NASDAQ: ANGI) recently surpassed its 200-day moving average of $15.73, reaching a high of $18.94 during trading.
• Analysts' target prices for Angi have been revised, with Royal Bank Of Canada increasing their target from $17.00 to $20.00 and UBS Group lifting theirs from $20.00 to $22.00.
• The company's latest earnings report showed a revenue of $278.22 million for the quarter, which exceeded estimates despite a year-over-year decline of 11.7% in revenue.

Angi Inc. (NASDAQ:ANGI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.73 and traded as high as $18.94. Angi shares last traded at $18.17, with a volume of 751,003 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on ANGI shares. UBS Group lifted their target price on shares of Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. JMP Securities reaffirmed a "market perform" rating on shares of Angi in a report on Monday, June 16th. Benchmark lifted their price target on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp lowered their price target on shares of Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Citizens Jmp cut shares of Angi from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.07.

Angi Stock Up 4.5%

The stock's 50 day simple moving average is $16.32 and its two-hundred day simple moving average is $15.70. The firm has a market cap of $882.54 million, a P/E ratio of 14.97 and a beta of 1.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly 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 firm had revenue of $278.22 million for the quarter, compared to analysts' expectations of $261.02 million. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, research analysts forecast that Angi Inc. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new position in shares of Angi during the 4th quarter worth $30,000. Raymond James Financial Inc. bought a new stake in shares of Angi during the 4th quarter valued at $27,000. Stifel Financial Corp bought a new stake in shares of Angi during the 4th quarter valued at $90,000. Two Sigma Investments LP raised 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 during the period. Finally, State of Wyoming bought a new stake in shares of Angi during the 4th quarter valued at $69,000. Hedge funds and other 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.