Angi (NASDAQ:ANGI) Stock Price Up 8.5% on Analyst Upgrade

Angi Inc. (NASDAQ:ANGI)’s share price traded up 8.5% on Friday after Benchmark raised their price target on the stock from $6.00 to $27.00. Benchmark currently has a buy rating on the stock. Angi traded as high as $16.59 and last traded at $16.25. 315,688 shares were traded during mid-day trading, an increase of 9% from the average session volume of 290,394 shares. The stock had previously closed at $14.98.

Other equities analysts have also recently issued research reports about the company. KeyCorp lowered their target price on Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Citigroup cut their target price on Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. StockNews.com cut shares of Angi from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Royal Bank of Canada lowered their target price on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities cut their price target on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Angi presently has a consensus rating of “Hold” and an average target price of $21.36.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently modified their holdings of ANGI. Raymond James Financial Inc. acquired a new position in shares of Angi during the 4th quarter worth approximately $27,000. Barclays PLC increased its position in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the period. Hsbc Holdings PLC acquired a new position in Angi in the fourth quarter valued at about $30,000. Headlands Technologies LLC raised its stake in 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 purchasing an additional 18,523 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in Angi during the fourth quarter worth about $33,000. Institutional investors own 12.84% of the company’s stock.

Angi Trading Up 7.3 %

The firm’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $17.11. The stock has a market capitalization of $799.61 million, a P/E ratio of 201.03 and a beta of 1.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.24. The company had revenue of $245.91 million during the quarter, compared to analysts’ expectations of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. As a group, equities research analysts forecast that Angi Inc. will post 0.08 EPS for the current fiscal year.

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.