Angi (NASDAQ:ANGI) Trading 5.9% Higher – Still a Buy?

Angi Inc. (NASDAQ:ANGI) shares traded up 5.9% during trading on Monday . The stock traded as high as $1.99 and last traded at $1.97. 1,007,142 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 755,686 shares. The stock had previously closed at $1.86.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Benchmark cut their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. KeyCorp cut their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, JMP Securities cut their price objective on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.11.

Angi Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. The company’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.29. The stock has a market capitalization of $984.59 million, a P/E ratio of 27.36 and a beta of 1.95.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 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 analysts’ expectations of $295.90 million. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, sell-side analysts expect that Angi Inc. will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in 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. Assenagon Asset Management S.A. bought a new stake in shares of Angi during the 2nd quarter valued at $183,000. Cowen AND Company LLC bought a new stake in shares of Angi during the 2nd quarter valued at $267,000. Headlands Technologies LLC bought a new stake in shares of Angi during the 2nd quarter valued at $26,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after acquiring an additional 494,739 shares during the period. 12.84% of the stock is 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.