Angi (NASDAQ:ANGI) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Angi (NASDAQ:ANGI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.

A number of other research firms have also recently weighed in on ANGI. JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada cut their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. UBS Group lowered their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup lowered their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Benchmark lifted their price objective on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.36.

Angi Price Performance

Shares of NASDAQ ANGI traded down $0.11 during trading on Friday, reaching $16.49. The company had a trading volume of 571,037 shares, compared to its average volume of 368,601. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The stock has a market capitalization of $791.31 million, a PE ratio of 206.15 and a beta of 1.81. The stock has a 50-day moving average price of $13.97 and a two-hundred day moving average price of $16.20. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

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

Institutional Investors Weigh In On Angi

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Arrowstreet Capital Limited Partnership grew its position in Angi by 113.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after acquiring an additional 914,037 shares during the period. Bridgeway Capital Management LLC purchased a new stake in Angi during the fourth quarter valued at about $1,079,000. Westerly Capital Management LLC grew its position in 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 acquiring an additional 490,000 shares during the period. Teacher Retirement System of Texas purchased a new stake in Angi during the fourth quarter valued at about $469,000. Finally, ArrowMark Colorado Holdings LLC grew its position in 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 acquiring an additional 267,946 shares during the period. Hedge funds and other institutional investors own 12.84% of the company's stock.

About Angi

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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