Angi (NASDAQ:ANGI) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Angi (NASDAQ:ANGI - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

ANGI has been the subject of several other research reports. UBS Group decreased their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday. KeyCorp dropped their target price on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JMP Securities reduced their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada lowered their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Benchmark upped their target price on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Angi has an average rating of "Hold" and an average target price of $21.36.

Angi Stock Up 0.1%

Shares of ANGI traded up $0.01 during midday trading on Friday, hitting $16.11. 1,743,321 shares of the company's stock traded hands, compared to its average volume of 304,081. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $803.00 million, a price-to-earnings ratio of 201.40 and a beta of 1.84. Angi has a 1 year low of $10.88 and a 1 year high of $29.15. The firm's fifty day moving average is $13.86 and its 200-day moving average is $16.95.

Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.24. The business had revenue of $245.91 million during the quarter, compared to the consensus estimate of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. As a group, sell-side analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ANGI. ArrowMark Colorado Holdings LLC increased its stake in Angi by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock worth $8,296,000 after buying an additional 267,946 shares during the period. Westerly Capital Management LLC increased its position 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 worth $4,714,000 after acquiring an additional 490,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after acquiring an additional 914,037 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after acquiring an additional 158,662 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Angi by 40.1% in 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 last quarter. 12.84% of the stock is owned by hedge funds and other 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.