Angi (NASDAQ:ANGI) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Angi (NASDAQ:ANGI) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research analysts also recently issued reports on the company. UBS Group set a $14.00 price target on Angi in a research note on Thursday, September 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research note on Monday, September 21st. JPMorgan Chase & Co. initiated coverage on shares of Angi in a report on Friday, September 11th. They set an “underweight” rating for the company. Citizens Jmp restated a “market perform” rating on shares of Angi in a report on Monday, July 13th. Finally, Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.57.

Angi Stock Performance

NASDAQ ANGI opened at $6.92 on Friday. The business has a 50 day moving average price of $5.74 and a 200 day moving average price of $6.69. The company has a market capitalization of $279.91 million, a P/E ratio of -1.21 and a beta of 1.72. Angi has a 1-year low of $4.26 and a 1-year high of $14.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.20.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, November 3rd. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $242.02 million for the quarter, compared to analysts’ expectations of $242.35 million. Angi had a positive return on equity of 0.51% and a negative net margin of 23.85%. Sell-side analysts expect that Angi will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently made changes to their positions in ANGI. Parallel Advisors LLC acquired a new stake in shares of Angi during the first quarter valued at $25,000. GAMMA Investing LLC raised its stake in Angi by 1,047.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company’s stock valued at $26,000 after purchasing an additional 4,085 shares during the last quarter. Versant Capital Management Inc raised 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 valued at $33,000 after purchasing an additional 2,608 shares during the last quarter. Royal Bank of Canada acquired a new position in Angi in the 1st quarter valued at about $73,000. Finally, Vise Technologies Inc. purchased a new position in Angi in the 3rd quarter valued at about $74,000. 12.84% of the stock is owned by institutional investors and hedge funds.

About Angi

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.