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

Angi Inc. (NASDAQ:ANGI - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.74 and traded as high as $16.16. Angi shares last traded at $16.06, with a volume of 577,293 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KeyCorp reduced their target price on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup cut shares of Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th. UBS Group cut their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of Angi from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Angi currently has an average rating of "Hold" and an average target price of $21.36.

Angi Trading Down 2.2%

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 2.15. The firm's fifty day moving average is $16.04 and its 200-day moving average is $15.74. The firm has a market cap of $774.32 million, a price-to-earnings ratio of 14.66 and a beta of 1.78.

Angi (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 4.99% and a net margin of 4.69%. Equities analysts anticipate 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 bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of Angi during the 4th quarter worth about $73,000. Hsbc Holdings PLC bought a new position in Angi in the fourth quarter worth approximately $30,000. Raymond James Financial Inc. acquired a new stake in Angi in the fourth quarter valued at approximately $27,000. Stifel Financial Corp acquired a new stake in Angi in the fourth quarter valued at approximately $90,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after acquiring an additional 17,605 shares in the last quarter. 12.84% of the stock is owned by institutional investors.

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.