Angi (NASDAQ:ANGI) Upgraded at StockNews.com

by · The Markets Daily

StockNews.com upgraded shares of Angi (NASDAQ:ANGI – Free Report) from a hold rating to a buy rating in a research report report published on Wednesday.

A number of other research firms have also weighed in on ANGI. JMP Securities cut their price objective on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Citigroup boosted their price target on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada decreased their price objective on Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Angi presently has a consensus rating of “Hold” and a consensus target price of $27.25.

Read Our Latest Report on ANGI

Angi Stock Down 1.8 %

Shares of NASDAQ:ANGI opened at $12.32 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $612.64 million, a P/E ratio of 154.02 and a beta of 1.88. Angi has a 52-week low of $11.00 and a 52-week high of $29.15. The stock’s fifty day simple moving average is $14.73 and its 200-day simple moving average is $17.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in shares of Angi in the 4th quarter worth about $74,000. Two Sigma Advisers LP increased its position in Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after purchasing an additional 207,300 shares in the last quarter. Two Sigma Investments LP raised its holdings in Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after buying an additional 158,662 shares during the period. State of Wyoming acquired a new position in Angi during the fourth quarter valued at approximately $69,000. Finally, Graham Capital Management L.P. purchased a new stake in Angi during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Company Profile

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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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