Angi (NASDAQ:ANGI) Trading Up 4%

Angi Inc. (NASDAQ:ANGI - Get Free Report) was up 4% during mid-day trading on Monday . The company traded as high as $2.38 and last traded at $2.36. Approximately 95,104 shares were traded during trading, a decline of 88% from the average daily volume of 779,124 shares. The stock had previously closed at $2.27.

Analyst Ratings Changes

A number of analysts recently issued reports on ANGI shares. StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their price target on shares of Angi from $3.00 to $3.50 and gave the stock a "buy" rating in a research note on Friday, February 16th. Royal Bank of Canada increased their price target on shares of Angi from $2.25 to $3.25 and gave the stock a "sector perform" rating in a research note on Thursday, February 15th. Finally, UBS Group increased their price target on shares of Angi from $2.60 to $3.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.23.

Angi Stock Performance

The stock's 50 day moving average price is $2.63 and its 200 day moving average price is $2.29. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.15 billion, a PE ratio of -29.63 and a beta of 1.96.

Angi (NASDAQ:ANGI - Get Free Report) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. The business had revenue of $300.43 million for the quarter, compared to the consensus estimate of $306.73 million. As a group, equities analysts forecast that Angi Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Kulesh Shanmugasundaram sold 12,000 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $2.41, for a total transaction of $28,920.00. Following the completion of the sale, the chief technology officer now directly owns 39,242 shares of the company's stock, valued at approximately $94,573.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 35,496 shares of company stock valued at $89,540. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Angi during the 1st quarter valued at about $54,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Angi in the 1st quarter worth approximately $59,000. Victory Capital Management Inc. acquired a new stake in shares of Angi in the 4th quarter worth approximately $26,000. Hsbc Holdings PLC acquired a new stake in shares of Angi in the 1st quarter worth approximately $75,000. Finally, DAVENPORT & Co LLC acquired a new stake in shares of Angi in the 3rd quarter worth approximately $27,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.