Angi (NASDAQ:ANGI) Share Price Passes Above 200-Day Moving Average - What's Next?

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.

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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

ANGI has been the subject of several research reports. UBS Group increased their price target on Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Wall Street Zen cut Angi from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. JMP Securities restated a "market perform" rating on shares of Angi in a research note on Monday, June 16th. Benchmark boosted their price objective on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on Angi from $17.00 to $20.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $22.07.

Angi Trading Down 2.6%

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 firm has a fifty day simple moving average of $16.30 and a two-hundred day simple moving average of $15.69. The stock has a market cap of $844.14 million, a PE ratio of 14.30 and a beta of 1.70.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $278.22 million during 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 business's revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, equities analysts expect that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC purchased a new stake in shares of Angi during the fourth quarter valued at approximately $1,079,000. Westerly Capital Management LLC boosted its stake in shares of Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after purchasing an additional 490,000 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake 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 purchasing an additional 267,946 shares during the period. Marshall Wace LLP purchased a new stake in shares of Angi during the fourth quarter valued at approximately $423,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock valued at $1,203,000 after purchasing an additional 207,300 shares during the period. 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.