Angi (NASDAQ:ANGI) Stock Price Up 6.1% – Time to Buy?

Angi Inc. (NASDAQ:ANGI) was up 6.1% during mid-day trading on Thursday . The stock traded as high as $1.76 and last traded at $1.74. Approximately 647,053 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 781,845 shares. The stock had previously closed at $1.64.

Analyst Ratings Changes

A number of research analysts have commented on ANGI shares. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup lowered Angi from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research report on Wednesday. Benchmark reduced their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, KeyCorp dropped their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.11.

Angi Price Performance

The company has a market capitalization of $860.28 million, a P/E ratio of 24.71 and a beta of 1.86. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $2.26.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same period in the previous year, the business posted ($0.01) EPS. Analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC lifted its position in Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after purchasing an additional 84,328 shares during the period. Dimensional Fund Advisors LP boosted its stake in Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after buying an additional 494,739 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 1,306,515 shares during the period. AQR Capital Management LLC raised its position in Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after acquiring an additional 161,189 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after acquiring an additional 279,083 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.

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.