Angi (NASDAQ:ANGI) Stock Rating Upgraded by StockNews.com

Angi (NASDAQ:ANGI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other research analysts have also weighed in on the stock. JMP Securities lowered their price objective on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Finally, Citigroup raised their price objective on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Angi Trading Down 6.9 %

Shares of Angi stock opened at $12.20 on Friday. The stock has a market capitalization of $606.67 million, a P/E ratio of 152.52 and a beta of 1.91. Angi has a 12-month low of $12.00 and a 12-month high of $29.15. The company has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $19.51. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On Angi

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Angi in the 4th quarter valued at $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the fourth quarter worth $30,000. Headlands Technologies LLC boosted its position in shares of Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after acquiring an additional 18,523 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Angi in the fourth quarter valued at about $33,000. Finally, Two Sigma Securities LLC bought a new position in Angi during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Company Profile

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.