Angi (NASDAQ:ANGI) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

by · The Markets Daily

Angi Inc. (NASDAQ:ANGI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $5.77 and traded as high as $6.74. Angi shares last traded at $6.62, with a volume of 657,976 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on ANGI. Wall Street Zen lowered shares of Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Truist Financial set a $10.00 price target on shares of Angi and gave the company a “buy” rating in a report on Thursday, August 6th. Citizens Jmp reissued a “market perform” rating on shares of Angi in a research note on Monday, July 13th. UBS Group set a $14.00 target price on Angi in a research report on Thursday, September 24th. Finally, JPMorgan Chase & Co. began coverage on Angi in a report on Friday, September 11th. They issued an “underweight” rating on the stock. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.57.

Get Our Latest Research Report on ANGI

Angi Price Performance

The firm has a market capitalization of $267.78 million, a price-to-earnings ratio of -1.20 and a beta of 1.71. The company’s fifty day moving average price is $5.43 and its 200 day moving average price is $5.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Angi (NASDAQ:ANGI – Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities research analysts expect that Angi Inc. will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in Angi by 81.4% in the 3rd quarter. Versant Capital Management Inc now owns 5,810 shares of the technology company’s stock worth $33,000 after purchasing an additional 2,608 shares during the period. Parallel Advisors LLC purchased a new stake in shares of Angi in the first quarter valued at $25,000. GAMMA Investing LLC boosted its position in shares of Angi by 1,047.4% in the third quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company’s stock worth $26,000 after buying an additional 4,085 shares during the period. Royal Bank of Canada purchased a new position in shares of Angi during the first quarter valued at $73,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Angi during the first quarter valued at $118,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

About Angi

(Get Free Report)

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.

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