Angi (NASDAQ:ANGI) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Angi Inc. (NASDAQ:ANGI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.36 and traded as low as $6.28. Angi shares last traded at $6.44, with a volume of 540,652 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on ANGI shares. The Goldman Sachs Group set a $10.00 price target on shares of Angi and gave the company a “neutral” rating in a research report on Thursday, May 7th. Benchmark restated a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. KeyCorp cut shares of Angi from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Angi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada set a $14.00 price target on Angi in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Angi Trading Up 3.2%

The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $5.72 and a two-hundred day moving average of $8.36. The stock has a market capitalization of $260.49 million, a price-to-earnings ratio of 15.71 and a beta of 1.61.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The company had revenue of $238.15 million during the quarter, compared to the consensus estimate of $240.63 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Angi’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that Angi Inc. will post 0.16 EPS for the current 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 business. Flax Pond Capital LLC purchased a new stake in shares of Angi in the first quarter valued at $3,324,000. Pacer Advisors Inc. purchased a new position in shares of Angi during the first quarter valued at approximately $1,592,000. Empowered Funds LLC acquired a new stake in Angi during the first quarter worth approximately $1,136,000. Bank of America Corp DE purchased a new stake in Angi in the 1st quarter worth approximately $325,000. Finally, California State Teachers Retirement System purchased a new stake in Angi in the 1st quarter worth approximately $237,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.