Angi Inc. (NASDAQ:ANGI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.77 and traded as high as $6.74. Angi shares last traded at $6.62, with a volume of 657,976 shares traded.
Wall Street Analyst Weigh In
ANGI has been the subject of several recent analyst reports. UBS Group set a $14.00 price objective on shares of Angi in a research report on Thursday, September 24th. Wall Street Zen downgraded shares of Angi from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of Angi in a research report on Monday, September 21st. JPMorgan Chase & Co. initiated coverage on shares of Angi in a research note on Friday, September 11th. They set an "underweight" rating on the stock. Finally, Citizens Jmp reissued a "market perform" rating on shares of Angi in a research note on Monday, July 13th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Angi currently has a consensus rating of "Hold" and an average price target of $10.57.
Get Our Latest Analysis on ANGI
Angi Stock Down 1.6%
The company has a market cap of $267.78 million, a P/E ratio of -1.20 and a beta of 1.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $5.77.
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 (EPS) for the quarter, missing the consensus estimate of $0.13 by ($5.83). The company had revenue of $248.00 million for 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 quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. On average, research analysts expect that Angi Inc. will post 0.16 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in shares of Angi during the 1st quarter worth approximately $1,592,000. Flax Pond Capital LLC bought a new position in shares of Angi in the first quarter valued at approximately $3,324,000. Pale Fire Capital SE bought a new position in shares of Angi in the second quarter valued at approximately $23,386,000. Empowered Funds LLC bought a new position in shares of Angi in the first quarter valued at approximately $1,136,000. Finally, Squarepoint Ops LLC bought a new position in shares of Angi in the second quarter valued at approximately $162,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.
About Angi
(
Get Free Report)
Angi Inc NASDAQ: ANGI operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.
Angi's business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.
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