Angi (NASDAQ:ANGI) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Angi shares fell below their 200-day moving average, trading as low as $6.28 and last at $6.33, versus the average of $6.56.
• Analyst views are mixed, but the consensus rating is Hold, with an average price target of $8.86; ratings include two Buys, six Holds, and two Sells.
• Angi reported quarterly EPS of $0.03, missing the $0.11 consensus estimate, while revenue of $242.02 million was slightly below forecasts.

Angi Inc. (NASDAQ:ANGI - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.56 and traded as low as $6.28. Angi shares last traded at $6.33, with a volume of 511,682 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ANGI shares. Truist Financial set a $10.00 price objective on shares of Angi and gave the company a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings restated a "sell (d)" rating on shares of Angi in a research report on Monday, September 21st. JPMorgan Chase & Co. initiated coverage on Angi in a research report on Friday, September 11th. They set an "underweight" rating on the stock. Wall Street Zen raised Angi from a "sell" rating to a "hold" rating in a report on Saturday, November 7th. Finally, UBS Group lifted their price target on Angi from $5.00 to $9.00 and gave the company a "neutral" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Angi presently has an average rating of "Hold" and an average price target of $8.86.

Angi Price Performance

The business's 50-day moving average price is $5.88 and its 200 day moving average price is $6.56. The company has a market capitalization of $256.04 million, a P/E ratio of -1.11 and a beta of 1.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The technology company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). Angi had a positive return on equity of 0.51% and a negative net margin of 23.85%. The firm had revenue of $242.02 million for the quarter, compared to the consensus estimate of $242.35 million. Analysts anticipate that Angi Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds have recently made changes to their positions in the stock. Pale Fire Capital SE bought a new stake in Angi during the second quarter worth about $23,386,000. Flax Pond Capital LLC purchased a new position in Angi during the 1st quarter valued at about $3,324,000. Pacer Advisors Inc. bought a new position in shares of Angi during the first quarter valued at approximately $1,592,000. Empowered Funds LLC bought a new position in Angi in the 1st quarter worth $1,136,000. Finally, Landscape Capital Management L.L.C. bought a new position in Angi in the third quarter worth about $437,000. 12.84% of the stock is owned by institutional investors.

Angi Company Profile

Angi Inc. operates a digital marketplace that connects homeowners with professionals for home improvement, maintenance, repair and other residential services. Through its platforms, consumers can search for service providers, review ratings and request estimates or book projects. The company also offers services that help home professionals connect with customers and manage aspects of their businesses. Its consumer and professional offerings include the Angi and HomeAdvisor brands, as well as services associated with Handy.

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