Angi (NASDAQ:ANGI) Upgraded to “Buy” at StockNews.com

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

A number of other equities analysts have also issued reports on ANGI. JMP Securities cut their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Benchmark increased their price objective on shares of Angi from $6.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group dropped their target price on shares of Angi from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday. KeyCorp reduced their price target on shares of Angi from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, Citigroup cut their price objective on Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.36.

Angi Stock Performance

Angi stock opened at $16.08 on Friday. 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 has a one year low of $10.88 and a one year high of $29.15. The stock’s 50 day moving average price is $13.87 and its 200 day moving average price is $17.11. The firm has a market capitalization of $799.61 million, a PE ratio of 201.03 and a beta of 1.84.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data 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 firm had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. As a group, sell-side analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Several institutional investors have recently made changes to their positions in ANGI. Jane Street Group LLC raised its holdings in shares of Angi by 16.8% during the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock valued at $85,000 after buying an additional 7,340 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Angi by 38.8% during the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after acquiring an additional 7,944 shares in the last quarter. Barclays PLC boosted its position in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares during the period. Raymond James Financial Inc. bought a new position in shares of Angi in the fourth quarter worth $27,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock valued at $147,000 after purchasing an additional 17,605 shares during the period. 12.84% of the stock is owned by institutional investors.

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.