Angi (NASDAQ:ANGI) Stock Breaks Above 200-Day Moving Average - Should You Sell?

Key Points

• Angi shares broke above their 200-day moving average, reaching $6.56 and last trading at $6.46, up 5.7%.
• Analyst sentiment remains mixed but leans neutral: the stock has an average “Hold” rating and a consensus price target of $10.57, with ratings ranging from Buy to Sell.
• The company reported a significant quarterly loss of $5.70 per share, missed revenue expectations, and posted a 10.9% year-over-year revenue decline, highlighting ongoing fundamental challenges.

Angi Inc. (NASDAQ:ANGI - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.78 and traded as high as $6.56. Angi shares last traded at $6.46, with a volume of 1,434,178 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ANGI. Citizens Jmp reissued a "market perform" rating on shares of Angi in a research note on Monday, July 13th. UBS Group set a $14.00 price target on Angi in a report on Thursday, September 24th. Weiss Ratings restated a "sell (d)" rating on shares of Angi in a research report on Monday, September 21st. The Goldman Sachs Group set a $6.00 price objective on Angi and gave the stock a "neutral" rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. started coverage on Angi in a research note on Friday, September 11th. They issued an "underweight" rating for the company. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.57.

Angi Stock Up 5.7%

The business has a 50-day moving average price of $5.22 and a 200 day moving average price of $5.78. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $261.31 million, a P/E ratio of -1.17 and a beta of 1.71.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($5.83). The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%. The company's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities analysts expect that Angi Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of Angi

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new position in Angi in the first quarter worth about $1,592,000. Flax Pond Capital LLC bought a new stake in shares of Angi in the 1st quarter valued at approximately $3,324,000. Pale Fire Capital SE bought a new stake in shares of Angi in the 2nd quarter valued at approximately $23,386,000. Empowered Funds LLC purchased a new position in shares of Angi in the 1st quarter worth approximately $1,136,000. Finally, AXQ Capital LP purchased a new position in shares of Angi in the 2nd quarter worth approximately $130,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Company Profile

Angi Inc NASDAQ: ANGI operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its platform, consumers can search for service providers, request project estimates, schedule appointments and manage home-related projects.

The company serves a broad range of categories, including remodeling, roofing, plumbing, electrical work, landscaping, cleaning and other residential services. Angi generates business by helping service professionals market their offerings and connect with potential customers, while providing homeowners with tools and information to evaluate and arrange services.

The company traces its history to Angie's List, which was founded in 1995.

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