Angi (NASDAQ:ANGI) Upgraded by StockNews.com to “Buy” Rating

by · The Cerbat Gem

Angi (NASDAQ:ANGI – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup upped their target price on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, JMP Securities reduced their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Check Out Our Latest Analysis on ANGI

Angi Stock Down 6.9 %

Angi stock traded down $0.90 during midday trading on Friday, hitting $12.20. 1,850,362 shares of the stock were exchanged, compared to its average volume of 140,825. Angi has a 1 year low of $12.01 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The firm has a market cap of $606.67 million, a P/E ratio of 152.52 and a beta of 1.91. The company has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $19.56.

Institutional Trading of Angi

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after acquiring an additional 83,704 shares in the last quarter. Verition Fund Management LLC bought a new position in Angi during the third quarter worth $116,000. Centiva Capital LP acquired a new position in Angi in the third quarter worth $46,000. XTX Topco Ltd increased its stake in Angi by 250.1% during the third quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock valued at $260,000 after purchasing an additional 72,060 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Angi by 1,255.5% during 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 period. 12.84% of the stock is owned by institutional investors.

Angi Company Profile

(Get Free Report)

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.

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