Angi (NASDAQ:ANGI) Stock Rating Upgraded by UBS Group

Angi (NASDAQ:ANGI) was upgraded by investment analysts at UBS Group to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

Separately, JMP Securities started coverage on shares of Angi in a research report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.78.

Angi Trading Up 1.7 %

Shares of ANGI opened at $2.40 on Monday. The stock’s fifty day simple moving average is $2.58 and its 200-day simple moving average is $2.31. The firm has a market capitalization of $1.20 billion, a PE ratio of -48.00 and a beta of 1.95. Angi has a 12-month low of $1.54 and a 12-month high of $3.10. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $315.13 million for the quarter, compared to analyst estimates of $305.06 million. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. During the same quarter last year, the firm earned ($0.03) EPS.

Insider Buying and Selling

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now directly owns 125,262 shares of the company’s stock, valued at approximately $290,607.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in shares of Angi during the second quarter worth $26,000. BNP Paribas Financial Markets raised its stake in shares of Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Angi in the second quarter valued at about $85,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Angi in the first quarter valued at about $108,000. Finally, SG Americas Securities LLC acquired a new position in shares of Angi during the first quarter worth about $162,000. Institutional investors 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.