Angi (NASDAQ:ANGI) Shares Gap Up – Time to Buy?

Angi Inc. (NASDAQ:ANGI)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.91, but opened at $2.04. Angi shares last traded at $2.03, with a volume of 342,496 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on ANGI shares. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. JMP Securities decreased their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup lowered Angi from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Angi presently has an average rating of “Moderate Buy” and a consensus price target of $3.25.

Angi Price Performance

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’s 50-day moving average is $2.47 and its two-hundred day moving average is $2.32. The company has a market capitalization of $974.90 million, a P/E ratio of 28.93 and a beta of 1.95.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same period last year, the company earned ($0.01) earnings per share. As a group, analysts predict that Angi Inc. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Angi

Several hedge funds have recently bought and sold shares of ANGI. Headlands Technologies LLC bought a new position in Angi in the second quarter valued at $26,000. Barclays PLC grew its holdings 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 last quarter. Centiva Capital LP purchased a new position in shares of Angi in the third quarter worth $46,000. BNP Paribas Financial Markets raised its holdings in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Angi during the 2nd quarter valued at $85,000. Hedge funds and other 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.