Angi (NASDAQ:ANGI) Upgraded to “Hold” at UBS Group

UBS Group upgraded shares of Angi (NASDAQ:ANGI) to a hold rating in a report published on Monday, Zacks.com reports.

Separately, JMP Securities initiated coverage on shares of Angi in a report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.78.

Angi Trading Up 1.7 %

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

Angi (NASDAQ:ANGI) last released its quarterly earnings data 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. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. The company had revenue of $315.13 million during the quarter, compared to the consensus estimate of $305.06 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share.

Insider Transactions at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the transaction, the chief technology officer now owns 125,262 shares in the company, valued at $290,607.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently added to or reduced their stakes in ANGI. Vanguard Group Inc. grew its position in shares of Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after buying an additional 95,514 shares during the period. Dimensional Fund Advisors LP grew its holdings in Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares during the period. Assenagon Asset Management S.A. increased its stake in Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Angi by 469.5% during the first quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 421,841 shares during the period. 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.